Hotline: 1800 102 2007
X
Search Business Opportunities
2014-10-14

CAIT to launch nationwide protest against online retail firms

CAIT Secretary General Praveen Khandelwal said that the nationwide movement is a dharna to draw the govt\'s attention towards the seriousness of the issue and its implications on offline retail trade.

Traders body CAIT today said it will launch a nationwide movement from October 31 demanding the government to create a regulator and regulations to govern the online retail market in India, according to a PTI report.

 

The Confederation of All India Traders (CAIT) today also convened a meeting of its national governing council here to discuss the current scenario of the eRetail business in the country and its implications of the offline market.

 

"The unrealistic prices, unfair competition, unhealthy business practices, predatory pricing have damaged the business of offline market to the tune of 35 per cent in various segments. Therefore, CAIT will launch a nationwide movement demanding the government to form a regulator and laws and rules to govern the eCommerce business in India," it said in a statement.

 

The traders body added it had cautioned the Department of Industry Policy and Planning in November last year about the likely ill practices of eRetailers, but the department has taken no cognisance of the issue and no steps have been taken to spell out parameters and modalities of the business.

 

CAIT Secretary General Praveen Khandelwal said that the nationwide movement is not a protest but a dharna to draw the government's attention towards the seriousness of the issue and its implications on offline retail trade.

 

"We just met the Commerce Minister last week and she has assured us that the government will seriously look into the matter. We are also taking legal opinion on this issue," he added.

 

Last week, CAIT threatened to move the Supreme Court and Competition Commission of India (CCI) by October-end if the government failed to act on complaints of alleged predatory pricing and unfair trade practices by eCommerce firms like Amazon, Flipkart and Snapdeal.

Related opportunities
  • Skills / Personality Development
    About: WINNERS is privately owned and managed by Mr. Shashikant Khamkar (B.Com...
    Locations looking for expansion Maharashtra
    Establishment year 2006
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    STREET FOOD FRANCHISE BUSINESS OPPORTUNITY IN INDIA Are you looking for..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
  • Other Vocational Training
    Ever since its inception way back in 1998, IWP has..
    Locations looking for expansion Delhi
    Establishment year 1998
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: English Pillars Edu Comp is a registered ISO certified..
    Locations looking for expansion Punjab
    Establishment year 2002
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Amritsar Punjab
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts