SME Times News Bureau | 28 Sep, 2020
The Confederation of All India Traders (CAIT) has called upon Union
Commerce Minister Piyush Goyal to roll out the e-commerce policy at the
earliest to curb "malpractices" of large e-commerce players in India.
In
a statement, the traders' organisation said: "Indian e-commerce
ecosystem has been greatly vitiated by large e-commerce companies and in
the wake of steep rise of e-commerce share in the Indian domestic
trade, it is all the more necessary to have a robust and well defined
e-commerce policy so that small businesses do not suffer at the hands of
large e-commerce companies having deep pockets and enormous resources."
Further,
it said that CAIT is all set to launch its e-commerce portal
'Bharatemarket' in October. CAIT has also demanded formation of a
regulatory authority for regulating and monitoring e-commerce business
and having adequate powers to penalise offenders of the e-commerce
policy.
It has also suggested that there should be no relaxation in FDI policy for e-commerce players.
