E-commerce businesses sell Chinese products in the country! – CAIT

New Delhi – The Confederation of All India Traders (CAIT) has accused e-commerce firms of selling Chinese products on a large scale. E-com businesses in the country are trying to establish their monopoly on country’s small commodity market by holding control of online sales. The CAIT has further accused these firms of trading in an arbitrary and indiscriminate manner by brushing aside government’s FDI policies.

CAIT told that PM Modi’s ‘Vocal for Local’ and ‘Atmanirbhar Bharat’ (Self-sufficient India) campaign is being downplayed due to such firms. This will weaken the economy  and hence the govt. should be vigilant about  such businesses.

 

  1. CAIT has demanded that the govt. declare its e-com policies at the earliest with an explicit provision of an empowered Regulatory Authority to regulate and monitor the e-commerce business in India. CAIT also called for the formation of a joint committee of nationwide traders and authorities at the Central, state and district level in order to implement ‘Vocal for Local’ and ‘Atmanirbhar Bharat’ campaigns.
  2. Small commodity businesses in the country have an annual turnover of $950 Bn. 45 Cr people are employed through such businesses. Small commodity business accounts for 40% of the total trade in the country.