CAIT says it is only against companies flouting FDI norms and not ecommerceConfederation of All India Traders (CAIT), the traders’ body that has been raising concerns over ecommerce platforms not complying with FDI norms, said on Thursday (January 16) that it has completed a pilot in Madhya Pradesh to create individual e-stores for traders.

That is why we are aligning the trading community with ecommerce by creating individual e-store of every trader in the country,” said Praveen Khandelwal, secretary-general, CAIT.

He also said that CAIT is not against ecommerce and is only against companies that are flouting FDI Policy of the government for their own gains.

The traders association has been claiming that ecommerce platforms like Amazon and Flipkart do not comply with FDI norms, prefer certain sellers, control inventory and offer deep discounts that put local vendors out of business.

In a letter to the finance minister, the CAIT said that ecommerce companies Amazon, Flipkart and others were selling goods much below their market value thus denying the government of legitimate goods and services tax (GST) revenue. | To read full story, visit https://startuparound.com/read/1579251725.19496/CAIT-To-Launch-Individual-E-Stores-For-Traders,-Says-Not-Against-Ecommerce?ref=audio_experience