CAIT WANT MEETING WITH PM PRIOR TO  AMAZON CEO JEFF BEJOS MEETING WITH PM

New Delhi: In the wake of visit of Amazon CEO Mr. Jeff Bejos to India and his likely meeting with Prime Minister Shri Narendra Modi, the Confederation of All India Traders (CAIT) in a communication sent to Prime Minister today urged for a meeting with CAIT leaders delegation prior to his proposed meeting with Amazon CEO to apprise the Prime Minister about factual position on this critical issue and how Amazon & Flipkart are destroying the business of small traders of the Country. 

The CAIT in its communication to Prime Minister said that Amazon CEO Mr. Jeff Bejo’s eagerness to meet Prime Minister is certainly to shield unfair business activities in e-commerce by Amazon and to justify the violation of the FDI policy of the Government by Amazon in a clandestine manner.

CAIT National President Mr. B.C.Bhartia and Secretary General Mr. Praveen Khandelwal in communication to Prime Minister reminded him that about two months back CAIT had made complaint with relevant evidence to Shri Piyush Goyal, Hon’ble Minister for Commerce & Industry against malpractices of Amazon & Flipkart and taking immediate cognizance of the serious charges, Shri Goyal took the matter with all seriousness and directed the concerned officials to probe the complaint and has categorically assured several times that no one will be allowed to violate the FDI policy. 

Mr. Bhartia & Mr. Khandelwal said that it is a matter of grave concern that with malpractices of e-commerce companies prominently Amazon & Flipkart which has greatly hurt the business of small traders across Country. Their collusion with Brand Companies and Banks has compelled the closure of thousands of small traders dealing in Kirana shops, Mobile, Electronics, Electrical items, Fashion Apparels, Readymade Garments, etc.

Both leaders reiterated that traders of the Country are not against e-commerce and rather CAIT is engaged in multi-activities under PM’s visionary “Digital India” mission and aligning the traders with e-commerce business by creating individual e-store of every trader. However, for proving an equal level playing field, we are of the considered opinion that e-commerce companies like Amazon & Flipkart should be compelled to comply with every provision of FDI policy and not to avoid liability of GST & Income Tax, which they are consistently doing by artificially lowering the prices and causing great loss of tax revenue to the Government. In nutshell, these companies are habitual tax offenders and nothing less than economic terrorists adopting every means & ways to control & dominate not only e-commerce but retail trade of India and emerge as the second version of East India Company.