Traders' body CAIT on Sunday wrote to Prime Minister Narendra Modi seeking "strong action" against e-commerce firms for alleged violation of FDI policy by them. It also sought setting up of an empowered regulatory authority to regulate and monitor the e-commerce business in India.
In the letter to the Prime Minister, the CAIT complained that “big e-commerce companies having deep pockets are leaving no stone unturned in monopolizing the e-commerce business and retail trade of India with their malpractices and violating FDI policy of the government and relevant laws and rules. Despite making several complaints against them, so far no concrete action has been taken and therefore it has become a major roadblock for small businesses to conduct online business activities.”
The traders' body while "urging for strong action against e-commerce companies" also requested that an e-commerce policy should be announced immediately with an explicit provision of empowered regulatory authority.