Indian Traders Unite Against E-commerce Giants Amazon and Flipkart
The Confederation of All India Traders is launching a nationwide protest against Amazon and Flipkart, alleging anti-competitive practices and demanding prosecution.
AmazonFlipkartEcommerceCaitCompetition Commission Of IndiaReal EstateSep 29, 2024
According to CAIT, the report has brought to light various unethical practices by Amazon and Flipkart, including deep discounting, preferential treatment to select sellers, and violation of competition norms. These practices have severely impacted small and medium traders, causing irreparable damage to lakhs of traders and retailers. The nationwide campaign is aimed at pressurizing CCI to initiate strict legal proceedings against Amazon and Flipkart for violating Indian laws and damaging the interests of small businesses.
The traders will collectively demand immediate and firm action, including prosecution under the relevant sections of the law. Former union minister and CAIT advisor Smriti Irani emphasized the significant role of small traders in the Indian economy. According to her, small traders currently make up 90% of the retail market in India and contribute 45% to the country’s exports. In 2023, their business turnover was valued at US$480 billion, which is projected to grow to US$1.3 trillion by 2025. Irani stressed the need to focus on expanding exports and improving the ease of doing business for traders. She also highlighted the importance of recognizing the potential of small traders and providing them with the necessary support. About CAIT
The Confederation of All India Traders (CAIT) is a national body representing Indian traders and retailers. CAIT has been vocal against foreign retail majors for years and has been advocating for the rights of small traders and retailers in India. About Amazon Amazon is a multinational e-commerce company that operates in India through its subsidiary, Amazon India. Amazon India offers a wide range of products, including electronics, clothing, and household items. About Flipkart Flipkart is an Indian e-commerce company that was acquired by Walmart in 2018. Flipkart offers a wide range of products, including electronics, clothing, and household items.
Frequently Asked Questions
What is the reason behind the protest by Indian traders against Amazon and Flipkart?
The protest is in response to a recent report by the Competition Commission of India (CCI), which highlights serious anti-competitive practices by the two e-commerce platforms.
What are the alleged anti-competitive practices by Amazon and Flipkart?
The alleged practices include deep discounting, preferential treatment to select sellers, and violation of competition norms.
What is the impact of these practices on small and medium traders?
These practices have severely impacted small and medium traders, causing irreparable damage to lakhs of traders and retailers.
What is the demand of the traders?
The traders are demanding immediate and firm action, including prosecution under the relevant sections of the law, against Amazon and Flipkart.
What is the significance of small traders in the Indian economy?
Small traders currently make up 90% of the retail market in India and contribute 45% to the country’s exports.
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