Aurangabad, Dec 17:
The Confederation of All India Traders (CAIT) has requested prime minister Narendra Modi to announce an e-commerce policy along with a regulatory authority to monitor the e-commerce business in the country. A memorandum of demands was given to the district collector under the countrywide campaign here on Wednesday.
The memorandum states that traders across the country have been adopting digital commerce. However, we are pained to inform you that big e-commerce companies having deep pockets are leaving no stone unturned in monopolizing the e-commerce business and retail trade of India with their mal-practices and violating FDI policy of the government and relevant laws and rules. Despite making several complaints against e-commerce companies, no concrete action has been taken. It a major roadblock for small businesses to conduct online business activities. Additionally, the trade body which represents 60 million merchants, requested that anomalies and disparities of the FDI policy’s press note 2 be removed, to make space for explicit and speaking policy of the government. The letter also comprised CAIT’s suggestions pertaining to the government’s campaigns on ‘Vocal for Local’ and ‘Atmanirbhar Bharat.’ It suggested the formation of a joint committee at national, state and each district levels. Senior vice-president of the Maharashtra state CAIT committee Ajay Shah, Sanjay Kankariya, Devendra Seth, Gulam Hakkani and traders were present.