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Flipkart restructured biz model to exercise control over inventory, retail prices, alleges CAIT
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New Delhi, May 20 (IANS) In a letter to Piyush Goyal, Union Minister for Commerce and Industry, Praveen Khandelwal, National General Secretary of Confederation Of All India Traders (CAIT), has accused Walmart-owned Flipkart of blatantly violating the law by creating a façade in order to exercise control over inventory and retail prices.
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Flipkart blatantly violating laws: CAIT
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New Delhi, May 20 : In a letter to Piyush Goyal, Union Minister for Commerce and Industry, Praveen Khandelwal, National General Secretary of Confederation Of All India Traders (CAIT), has accused Walmart-owned Flipkart of blatantly violating the law by creating a façade in order to exercise control over inventory and retail prices.
Khandelwal said that Flipkart has created a system of surrogate business partners with the sole aim of bypassing the FDI policy and Indian laws and destroying the very traders the policy aims to protect. On behalf of over 8 crore traders, we are writing to you to initiate an immediate inquiry and investigation into the wholly illegal business practices, Khandelwal said.
Photo Credit: IANS
IANSLive
New Delhi, May 20 (IANS) In a letter to Piyush Goyal, Union Minister for Commerce and Industry, Praveen Khandelwal, National General Secretary of Confederation Of All India Traders (CAIT), has accused Walmart-owned Flipkart of blatantly violating the law by creating a façade in order to exercise control over inventory and retail prices.
To get full access of the story, click here to subscribe to IANS News Service
© 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any form will be liable for legal action.
For news, views and gossips, follow IANS at Twitter.
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