Trade Associations in over 700 cities of India held a nationwide protest against “unethical trade practices” of e-commerce marketplaces such as Amazon and Flipkart. In the protest, the traders’ body demanded that the government impose an immediate ban on Amazon and Flipkart as they are openly violating the government’s FDI policy.
According to B C Bhartia, National President of CAIT, traders have no objection to Amazon and Flipkart conducting business in India but like merchants these e-commerce firms should also follow every provision of foreign direct investment (FDI) policy of the government and other tax laws. The traders’ body demanded that until these e-commerce companies don’t comply with the FDI rules, their portals should be shut by the government.
