US E-Commerce Giants Are ‘Arrogant’, Flouting Our Laws: Piyush Goyal
Goyal did not directly name Amazon or Walmart s Flipkart or specify which laws had been flouted. By Reuters | Updated: 28 June 2021 09:57 IST
Photo Credit: Twitter/ @PiyushGoyal
Highlights
Goyal also criticised companies for indulging in forum shopping
Flipkart and Amazon have appealed against the CCI s bid
Indian Commerce Minister Piyush Goyal has ratcheted up the heat on US ecommerce giants like Amazon and Walmart, accusing them of arrogance and of flouting local laws by indulging in predatory pricing practices.
Goyal said companies were using their scale and access to large pools of low-cost capital to indulge in predatory pricing practices to the detriment of mom-and-pop stores.
CAIT hails Piyush Goyal for his candour against unethical business of US e-commerce cos
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Not Indian Enough: PM Modi Hints at Another Ban On Online Games
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CAIT asks PM Modi to ensure no dilution in draft e-commerce rules
By IANS |
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Strong development of e-commerce in rural areas of China.. Image Source: IANS News
New Delhi, June 27 : In the wake of expected pressure tactics of foreign funded e-commerce companies against the draft of E-commerce rules under Consumer Protection Act , the Confederation of All India Traders (CAIT) on Sunday sent a communication to Prime Minister Narendra Modi urging him to ensure that no dilution is made in draft of e-commerce rules under any pressure.
The CAIT assured the Prime Minister that the business community stands in solidarity with the Government for releasing the said rules which spell out the modalities and parameters through which the laws and the rules will be complied and hopes that the draft rules after examining the suggestions and objections will be notified without any further delay.