Confederation of All India Traders (CAIT) Secretary-General Praveen Khandelwal demanded an “immediate ban on Amazon’s portal and its operations in India” and an investigation against the company in a time-bound manner.
CAIT urged the Centre to impose a ban on Amazon’s e-commerce portal and its operations in India, accusing the global e-tailing giant of indulging in predatory pricing, deep discounting and inventory control.
He also urged the government to probe the business practices of Amazon and Flipkart.
However, responding to the allegations, both Amazon and Flipkart said they remain compliant with Indian laws.
The traders’ body also wrote to Commerce and Industry Minister Piyush Goyal in this regard on Thursday.
“Our association has been requesting your good office to take appropriate steps and investigate and penalise the multinational companies like Amazon and Flipkart (Walmart) for the blatant violation and/or exploitation of the loopholes of the FDI policy and the Foreign Exchange Management Act/Rules,” CAIT said in the letter to Goyal.
The traders’ body further said that during its national convention held in Nagpur on February 8-10 in which more than 150 trade leaders were present, “the inaction of government on this issue was viewed very seriously, and members resolved to go on a nationwide stir if urgent action is not taken by the government”.
An Amazon India spokesperson said the company remains compliant with all Indian laws.