AMN / NEW DELHI
Confederation of All India Traders (CAIT) today sought an audience with Prime Minister Narendra Modi Modi, amid media reports that Amazon Chief Jeff Bejos is coming to India in January to meet PM.
In a communication sent to him CAIT urged that prior to meeting Jeff Bejos, the Prime Minister must also understand the viewpoint and concerns of traders of the Country.
In the communication of Prime Minister Modi, CAIT National President Mr B C Bhartia & Secretary General Praveen Khandelwal said that the current e-commerce market of the Country is highly vitiated by unhealthy & unfair practices of e-commerce companies particularly Amazon & Flipkart. These companies are constantly violating FDI policy of the Government both in letter & spirit.
The CAIT has said that selling goods at a much lower price than the market value, they are causing huge GST revenue loss to the Government. Further, by registering huge losses every year these companies are escaping Income Tax obligations as well. By indulging into predatory pricing and deep discounting , these companies have created a gross uneven level playing field which is another violation of FDI policy.
Both Mr Bhartia & Mr Khandelwal said that CAIT is of the considered view that e commerce is a future mode of business and as such CAIT has already started a nationwide campaign from 1st September, 2019 to connect 7 cr traders with e commerce business by creating e stores of every individual trader.
Therefore, we are much in favour of e commerce but companies like Amazon & Flipkart needs to comply with FDI policy of the Government in letter and spirit and also need to compulsory comply with tax and other laws without any attempt to adopt any mechanism to avoid the obligations of policy and the law.CAIT has submitted that either both Amazon Flipkart should be sternly ask to comply with the FDI policy or leave from India. – said Mr Bhartia & Mr. Khandelwal
The CAIT has appreciated concerns and various steps taken by the Prime Ministe to frame & enforce policies for protection & growth of domestic trade & small industries from time to time. . Non signing of RCEP, simplification of GST tax structure, formation of National Traders Welfare Board, Pension to Traders & other issues which has reposed more confidence among 7 crore traders of the Country.