The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Business

Indian retailers can compete with any global giant – CAIT

by TLN Team April 20, 2020April 20, 2020
written by TLN Team April 20, 2020April 20, 2020
Indian retailers can compete with any global giant – CAIT

The Confederation of All India Traders (CAIT) today reiterated that 70 million small and medium retailers of India are more than capable of competing with any global E-commerce giant or any multinational retail chain as long as the laws of the land are followed in letter and spirit both and there is an equal level playing field. If these global giants follow Indian laws in letter and spirit they will not be able to offer products cheaper than offline retailers.

The CAIT is on a mission to create a pan India e-commerce platform that will be truly Indian and strictly of the traders, by the traders and for the traders & consumers of India having an equal opportunity to every offline trader to make best use of digitalization duly embedded with digital payments. The portal will be primarily given end to end solutions from Manufacturer to last-mile consumers having multiple partners of repute of their own field.

CAIT National President BC Bhartia and Secretary General Praveen Khandelwal said that the traders of India understand very well that digitisation is the need of the hour and E-commerce is a robust mechanism to reach the final consumer in today’s time. However, some International Ecommerce giants have totally vitiated the Indian market by adopting various unfair and predatory business practices. These companies sitting with billions of Dollars cheaply available at near about zero interest rates, have tried to to take undue advantage of the huge potential India offers. Since they have been shown the door in offline multi- brand retail, they thought E commerce will be an indirect way to capture Indian retail market.

Both leaders said that these E commerce giants have completely circumvented the Govt’s FDI norms. Instead of operating as a pure marketplace ( connecting seller with buyer) which is allowed in India, they have resorted to controlling inventory which is sold on their platforms. They are themselves deciding the prices, burning cash to offer deep discounts to customers, registered their own preferred sellers by discriminating against smaller sellers. They are selling their own brands too. All these malpractices are against the letter and spirit of the Indian laws for E-commerce Marketplace as well as being anti- competitive. The loss arising out of these cash burning models is then being funded through FDI from abroad. These are predatory business techniques and the only motto of these companies is to eliminate the small and medium retailers of India. In such a scenario how is it possible for a small retailer to compete who barely has access to formal finance in India.

Mr. Bhartia & Mr. Khandelwal further added that the CAIT is trying their best to ensure a fair and non- discriminatory E commerce Policy. The Commerce Ministry is working on the Ecommerce policy in consultation with all stakeholders. Once the policy is enforced in letter and spirit.

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
Lockdown puts a hold on education system of the country
next post
Unlocking professional opportunities during lockdown is the need of the hour- CA Sunil Talati

You may also like

MOIL registers record May production registers growth of 43% yoy

June 1, 2023

15-year lock-in period relaxed for women property buyers...

June 1, 2023

Explore the beauty of marble with Asian Marbles:...

May 21, 2023

Vidarbha on the way for sustainable and Profitable...

May 15, 2023

Ex-ICAI Nagpur chairman Saket Bagadiya nominated for ICAI...

May 13, 2023

NVCC form new membership committee

May 10, 2023

VIA Session “Interaction on Certification and Marketing of Natural...

May 6, 2023

Cooperation Minister advises NDDB to make India “dairy to the world” with...

April 28, 2023

Session on Edit log – A Statutory Compliance...

April 27, 2023

VIA & LITAA : Virtual Seminar on “...

April 26, 2023

Trending News

  • Block spam calls using this step-by-step process

    June 2, 2023
  • Ahmednagar to be renamed Ahilyanagar

    May 31, 2023
  • Cricketer Deepak Chahar’s dance goes viral after CSK win

    May 30, 2023
  • Filmmaker Vignesh Shivan clicks selfies with Dhoni and Jadeja’s wives at IPL

    May 30, 2023
  • Chennai lifts up IPL trophy, becomes champion for 5th time

    May 30, 2023

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

April 2020
M T W T F S S
« Mar   May »
 12345
6789101112
13141516171819
20212223242526
27282930  

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us

© 2020 - The Live Nagpur . All Rights Reserved.