FDI policy in e-commerce sector should be enforced in letter and spirit: CAIT
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Last Updated: Mar 17, 2021, 08:55 PM IST
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The present policy, that allows 100 per cent FDI in marketplace e-commerce platforms and prohibits FDI in inventory-based model of e-commerce, is absolutely correct and in line with government s intent to protect the small merchants, he said.
Agencies
CAIT has time and again alleged that large multinational e-commerce companies have continued to indulge in prohibited inventory-based model of e-commerce by direct and indirect control over the seller s/inventory.
Domestic traders body CAIT on Wednesday said the foreign direct investment policy in the e-commerce sector should be enforced in letter and spirit so that global players do not violate the rules. The issue was raised by Confederation of All India Traders (CAIT) Secretary General Praveen Khandelwal at a meeting called by the Department for Promotion of Industry and Internal Trad
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The Confederation of All India Traders (CAIT) has strongly criticised US-based lobby group USIBC for objecting to an initiative of DPIIT to reframe the Press Note 2 of FDI policy."The uncalled-for intervention of USIBC shows utter .
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