Amazon: CAIT fully geared up to fight Amazon & Flipkart
Synopsis The body has alleged that the way foreign companies like Amazon and Flipkart defied all the laws of the country, adopting predatory pricing, deep discounting, loss funding, controlling inventory, and adoption of preferential sellers have killed the small businesses in India. CAIT said that in the last one year, there has been a growth of 36 per cent in e-commerce business in India, especially in personal care, beauty and wellness business, 70 per cent in grocery, FMCG products and more...
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Source: indiatimes.com