40-day aggressive national movement across County from tomorrow
The Confederation of All India Traders (CAT) has announced today to launch a 40-day aggressive national movement across Country from 29th November till 31st December against arbitrary business practices and constant violation of FDI policy by e-commerce majors in India. Announcing the agitation at New Delhi today,Mr. B.C. Bhartia, National President and Mr. Praveen Khandelwal, Secretary General of CAIT said that the movement aims to expose the e-commerce companies who are openly flouting the policies of the government without any fear of the law & rules and demanding the Government not to sit as silent spectator and initiate penal proceedings against these e commerce majors who are following a sinister design to directly or indirectly control & monopolise the retail trade of India. They also said that through this movement, the traders across Country will impress upon the Government to immediately announce an e-commerce policy, constitute an e-commerce Regulatory Authority and declaration of a new Press Note by abolishing flaws of Press Note 2 of the FDI policy.
Mr. Bhartia and Mr. Khandelwal said that big e-commerce companies are indulging into predatory pricing,deep discounting, controlling inventory of goods, and selling exclusive products having a unholy nexus with Brand owned companies on their respective portals ruining greatly the small businesses of the Country. Mr. Bhartia and Mr Khandelwal also turn their guns towards several banks who are providing cash back & discount services to these portals in a clandestine manner much against the mandate of RBI. We are not going g to spare such Banks also and they will have to face the consequences of entering an unholy alliance with these portals. They also charged that large number of data is acquired by these e commerce companies in an unauthorised way and this issue will also be highlighted during the national movement.
Mr. Bhartia and Mr. Khandelwal said that these e-commerce companies are economic terrorists and they want to dominate the Indian economy, which the traders of India will not allow to happen and will be strongly opposed throughout the country. They also said that these companies are the second version of the East India Company, which wants to move the country towards economic slavery by capturing and controlling Indian retail market. Neither we will sit silent nor will allow Central or State Government to sit on the matter.
We seven crore traders of the Country provides direct employment to 40 crore people and playing a very crucial and important role in Indian economy and therefore we can’t be cowed down with mal- practices of big e commerce majors any more. Either that have to comply with the law and rules or else they will have to leave India – said Mr. Bhartia and Mr Khandelwal.