CAIT exhorts Prabhu not to revise FDI policy to the advantage of big e-comm firms
Traders' body CAIT Thursday asked the government not to bring in changes in the FDI policy on e-commerce that could give an upper hand to big players in the sector.
The government last month announced changes to FDI policy for e-commerce sector, which would put an end to the barrage of discounts and cashback offers by online platforms with foreign investment, from February 2019.
Two big players Flipkart and US-based Amazon are expected to be hit the hardest due to the amendments in the policy.
CAIT, which has welcomed the government's move,
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