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Updated Mar 04, 2021 | 13:54 IST
FMCG distributors, dealers, and suppliers have written to Amazon challenging their position on the FRL-RIL deal and penning their concerns of pending payment of dues by FRL. (Representational Image)  |  Photo Credit: BCCL
Key Highlights
Future-RIL deal to enable FRL to clear dues
FMCG dealers, distributors, suppliers suffering from a deal block
Distressed with Amazon’s legal position over Future Group’s deal with Reliance Industry, the members of All India Consumer Products Distributors Federation penned a passionate letter to Amazon CEO Jeff Bezos on March 2.
Citing “unwarranted adventurism,” the letter described Amazon’s efforts to stay FRL-RIL deal as their “Great Game of world domination.”
AICPD, Prahar ask Amazon to back off from RIL-Future Group deal
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Last Updated: Mar 04, 2021, 05:12 PM IST
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Synopsis
AICPD claims to represent the collective voice of around ten lakh distributors, stockists and suppliers of FMCG goods across India.
AFP
Traders body AICPD and NGO Prahar in an open letter on Thursday asked Amazon to back off from blocking the Reliance-Future Group deal, alleging mall vendors and suppliers have become collateral damage in the current tussle between the companies. Around 6,000 Indian small vendors and suppliers have dues of Rs 6,000 crore (USD 800 million) from the Future Group. These dues are pending for payment since March 2020. The announcement of Future-Reliance deal in August 2020 had given us hope that our dues will be cleared soon, All India Consumer Products Distributors Federation (AICPD) and Public Response Against Helplessness and Action for Redressal (Prahar) said in the letter.
You played Narad to block Reliance-Future deal: FMCG distributors to Amazon CEO Jeff Bezos
In a letter, the association said hundreds of their members and families are suffering on account of Amazon s unwarranted adventurism.
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NEW DELHI: All India Consumer Products Distributors Federation has written to Amazon CEO Jeff Bezos that he decided to play Narad to block the Reliance-Future deal. In a letter, the association said hundreds of their members and families are suffering on account of Amazon s unwarranted adventurism.
Around 6,000 members have dues of Rs 6,000 crore from Kishore Biyani s Future Group pending since March last year. The Reliance-Future deal in August had given hope of these dues being cleared soon. However, you decided to play Narad and blocked this deal by putting hurdles at every juncture, the association said.
Amazon, which is locked in a bitter legal battle with the Future Group over the sale of its assets to RIL, has alleged that the Future Group has violated an agreement that barred it from dealing with RIL.