Traders' body CAIT to launch nation-wide movement against Amazon, Flipkart

Traders' body CAIT on Sunday said it will launch a nation-wide movement to protest against e-commerce majors Amazon and Flipkart, alleging that they are flouting FDI policy norms and destroying the country's retail business.

In a statement, the Confederation of All India Traders (CAIT) said, "Both Amazon and Flipkart still continue to sell goods on their portal at predatory pricing, deep discounting, controlling inventory, promoting preferential sellers and influencing prices."

Union Minister Piyush Goyal had last month said the government was looking into alleged predatory pricing by Walmart-owned Flipkart and Amazon.

CAIT Secretary General Praveen Khandelwal criticised the attitude of Amazon and Flipkart and said the traders' body is all set to launch a national movement on this issue soon.

The traders' body has also convened a meeting of its National Governing Council in New Delhi on November 10.

Khandelwal informed about the different phases of the movement and said that on ...