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CAIT to protest on Wednesday against Bezos visit
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SME Times News Bureau | 15 Jan, 2020
Amid the much-hyped visit of
Amazon CEO Jeff Bezos to India, traders across 300 cities in the country
would stage protests against his arrival under the aegis of the
Confederation of All India Traders (CAIT) on Wednesday.
In a
media briefing here on Tuesday, Praveen Khandelwal, the Secretary
General of CAIT, reiterated that around seven crore traders and their
families have been "extremely adversely affected due to the predatory
and malafide business practices of Amazon and Flipkart".
Khandelwal
also claimed that Amazon and Flipkart have caused huge GST and Income
Tax revenue loss to the government and CAIT will soon meet Finance
Minister Nirmala Sitharaman and urged her to institute a investigation
into avoidance of GST and Income Tax liability on both Amazon and
Flipkart.
"The visit of Jeff Bezos, Amazon Founder tomorrow to
India will be greeted with strong protest from traders across Country in
about 300 cities. The protest at New Delhi will be held at Jantar
Mantar," the CAIT statement said.
The organisation has been
protesting for long against what its calls the 'deep' discounting
practices of e-commerce majors, among other issues.
On Monday,
fair market watchdog, the Competition Commission of India (CCI) ordered
an enquiry into the operations of both Amazon and Flipkart on multiple
counts, including deep discounts and exclusive tie-up with preferred
sellers.
Finding merits in the allegations, the Commission has
asked its Director General (DG) to complete the investigation in 60 days
from the receipt of the order.
Khandelwal said that order of CCI
is given under section 26(1) of the Competition Act and since it is not
appealable, there is no scope left for Amazon & Flipkart to avoid
the investigation.
Commenting upon the statements of both Amazon
and Flipkart that they are complying with FDI policy, he said that they
should specify how they are able to give huge discounts.
Both the e-commerce majors on Monday reiterated their stand that they have complied with the laws.
"We
welcome the opportunity to address allegations made about Amazon. We
are confident in our compliance, and will cooperate fully with CCI,"
said an Amazon India spokesperson.
A Flipkart spokesperson said:
"We are currently reviewing the document. The Flipkart group is fully
compliant with all applicable laws and FDI regulations. We take pride in
democratising e-commerce in India and giving market access to lakhs of
MSMEs, sellers, artisans and small businesses, making quality and
affordable goods available to consumers through our transparent and
efficient marketplace while creating lakhs of jobs."
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