SME Times is powered by   
Search News
Just in:   • Sensex slips 120 points in early trade  • Airtel has liquidity, Vodafone to face challenge on AGR: Report  • Budget 2020: Urgent need to spur demand  • J&K global investors' summit in April: Lt Governor Murmu  • Petrol, diesel prices cut further on Monday 
Last updated: 13 Jan, 2020  

amazon-bezosTHMB.jpg CAIT to organise traders' protests during Bezos' visit

   Top Stories
» NIC TechConclave 2020 to kick off Tuesday
» Don't want law that looks at businesses with suspicion: Sitharaman
» 186 agri products testing laboratories set up by APEDA
» Goyal to lead Indian delegation to WEF 2020
» Industry meet kickstarts ahead of 'Wings India 2020'
SME Times News Bureau | 13 Jan, 2020
Traders across 300 cities of the country would hold protests under the aegis of the Confederation of All India Traders (CAIT) during Amazon CEO Jeff Bezos' India visit next week.

The call for protests come after the traders' body last week wrote to Prime Minister Narendra Modi seeking a meeting with him prior to his meeting with Bezos.

In a statement, CAIT said: "The forthcoming visit of Amazon CEO Jeff Bezos to India is on January 15 and will see huge protests of traders across the country under the banner of the Confederation of All India Traders (CAIT) in association with All India Mobile Retailers Association, All India Consumer Products Distributors Federation and more than 5,000 trade bodies."

The traders will hold 'Halla Bol' protest demonstrations in about 300 cities of different states all over the country, it said

In its statement, the organisation reiterated that it has requested the Prime Minister to meet its delegation and said the meeting "will enable CAIT to apprise the Prime Minister about evil designs of Amazon which has already destroyed business of lakhs of small traders in the country".

CAIT National President B.C. Bhartia and Secretary General Praveen Khandelwal alleged that the visit of Bezos to India is to build a wrong and false narrative that Amazon is empowering small traders through its e-commerce portal.

The traders' body further said the e-commerce major should make public what it has done so far to empower the existing retailers on their platform, including the details of the quantum of business done by retailers annually and whether anyone of them is listed as top 20 sellers during last five years.

It said that both Amazon and Walmart-led Flipkart are habitual offenders of policy and law and are convicted several times in various countries for their anti-trust policies and other allegations.

Traders of brick and mortar shops have been protesting under the aegis of the CAIT against what they call "deep" discounts on e-commerce platforms, more so, during the sales seasons which these platforms organise.

According to the traders' body, the discounts on the online platforms such as Amazon and Flipkart are predatory in nature and the government should ensure price parity in online and offline markets.

CAIT has also been alleging violation of FDI norms by the platforms, which both the e-commerce majors have denied.
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 20 Jan, 2020
  Daily Poll
Ease of doing business improved in last one year
 Can't say
  Commented Stories
» MRF to set up a new plant in Gujarat(3)
» China's forex reserves reach USD 2.85 trillion(1)
» 'Capital Adequacy Ratio' above regulatory norms: Yes Bank(1)
» MSME: Budget expectations(1)
» L&T secures Rs.3.44 billion project from Power Grid(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter