Traders Call for Nationwide Protests During Jeff Bezos’ Visit to India

Latest startup news

Ahead of Amazon founder and CEO Jeff Bezos’ visit to India next week, thousands of small-scale traders union and associations are planning to organise protests across the country. Traders’ body Confederation of All India Traders (CAIT) said that it will protest across 300 cities during Amazon chief’s stay in India.

The decision of protest from traders association comes after the announcement of Amazon’s founder’s visit next week, where Bezos will be meeting Prime Minister Narendra Modi, other government officials and industry stakeholders to ease out ecommerce regulatory challenges in the country,

According to a Reuters report, the protests will coincide with Bezos headlining Amazon’s SMBhav event, which is scheduled on January 15 and 16 in Delhi. Amazon’s event is meant to be a way to woo more startups, small and medium businesses, micro, small and medium enterprises (MSMEs), weavers, artisans and women entrepreneurs to join its platform.

The CAIT, which comprises over 70 million brick-and-mortar retailers, has been accusing ecommerce companies such as Amazon and Flipkart of violating FDI laws through deep discounting, predatory pricing, inventory control and a biased seller system.

The government, at various levels, has tried to address the concerns of traders. In a letter to finance minister Nirmala Sitharaman in late October, the CAIT said that ecommerce companies Amazon, Flipkart and others were selling goods much below their market value thus denying the government of legitimate goods and services tax (GST) revenue.

Credits: Inc42

Web Hosting


Please enter your comment!
Please enter your name here