Union commerce and industry minister Piyush Goyal accusing Ecommerc firms of arrogance, said that they flout the Indian laws very blatantly in ‘more ways than one’.
Piyush Goyal said all e-commerce companies should follow Indian rules and not use muscle or money power to hurt Indian interests.
But Goyal did not directly name Amazon.com or Flipkart. “The Indian market is big and we welcome all players to come and participate. But clearly, we have to have them working within the rules and laws of the country. Unfortunately, many of these large e-commerce companies have come into India and very blatantly flouted the laws of the land, in more ways than one,” Piyush Goyal said on Saturday.
Goyal called it unfair that just because they are large and have large pools of low-cost capital, they should be allowed to get away with hurting domestic interests or domestic consumer interests.
The Confederation of All India Traders (CAIT) has written to Prime Minister Narendra Modi. They urge the government not to dilute the draft of e-commerce rules under any pressure.
CAIT also alleges that unethical and law violating business practices of foreign-funded e-commerce companies has forced the closure of a large number of shops in India.
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