CAIT condemns tie up between GSHHDC and Flipkart with CCI investigation underway on e …

CAIT condemns tie up between GSHHDC and Flipkart with CCI investigation underway on e-commerce player

New Delhi, Jan 29 (KNN) The traders’ apex body Confederation of All India Traders (CAIT) has condemned the tie up between Gujarat State Handloom and Handicrafts Development Cooperation Ltd (GSHHDC) and e-commerce giants Flipkart, which is currently under investigation by the Competition Commission of India (CCI) for violation of FDI rules.

CAIT is leading a nationwide movement against these online players over the last 5 months and has brought to the notice of the entire nation.

According to CAIT, its agitation and submission of evidence has prompted action by the CCI who have found prima facie breach of law.

“Flipkart & Amazon carried out various blatant violations of the FDI policy like deep discounting, predatory pricing, inventory control, preferential seller treatment which are not permitted under FDI laws for the marketplace,” said CAIT.

CAIT Secretary General Praveen Khandelwal said, “It is extremely unfortunate and regrettable that on one hand such a senior Minister of the Central Government, Piyush Goyal has publicly expressed his concern for the unethical and unlawful business practices being carried out on Flipkart, and on the other hand Chief Minister Rupani has joined hands with Flipkart”.

He further added that this decision of Rupani not only contradicts and conflicts with the Central Government’s stand but it also hurts the sentiments of 7 crore traders of India, whose livelihood is being severely affected due to the predatory business model of Flipkart. This action by Gujarat CM also shows his insensitivity and indifference to the small retailers of Gujarat who are involved in a nationwide agitation against Flipkart’s business model.

BC Bhartia, CAIT’s National President urged the Gujarat Chief Minister to immediately reconsider this decision and withdraw any such collaboration with Flipkart as it sends a negative impression about the approach of the Government.

He asked, “How can Government collude and collaborate with Law violators? “ This is a reprehensible action by the Gujarat Government and raises serious questions on the intent of the Government. (KNN/ SS)

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