Confederation of All India Traders Calls For Early Roll Out Of E-Commerce Policy

CAIT has also demanded formation of a regulatory authority for regulating and monitoring e-commerce business

The Confederation of All India Traders (CAIT) has called upon Union Commerce Minister Piyush Goyal to roll out the e-commerce policy at the earliest to curb “malpractices” of large e-commerce players in India.

In a statement, the traders’ organisation said: “Indian e-commerce ecosystem has been greatly vitiated by large e-commerce companies and in the wake of steep rise of e-commerce share in the Indian domestic trade, it is all the more necessary to have a robust and well defined e-commerce policy so that small businesses do not suffer at the hands of large e-commerce companies having deep pockets and enormous resources.”

Further, it said that CAIT is all set to launch its e-commerce portal ‘Bharatemarket’ in October. CAIT has also demanded formation of a regulatory authority for regulating and monitoring e-commerce business and having adequate powers to penalise offenders of the e-commerce policy.It has also suggested that there should be no relaxation in FDI policy for e-commerce players.

Source: IANS

(This story has been published from a wire feed without modifications to the text. Only the heading and intro have been changed)

ALSO READ: IKEA To Adopt Omni-Channel Approach To Expand In India

Original Source