It is well known that the Confederation of All India Traders (CAIT), an organisation of small and medium retailers, has been vehemently opposed to foreign direct investment (FDI) in retail and e-commerce. But the organisation appears to have overcome this aversion to both when it hosted Narendra Modi as star speaker in Delhi on Thursday. For one, Modi is known to be a strong proponent of FDI and e-commerce. For another, and most significantly, one of the key sponsors at CAIT's event was none other than ebay India.
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