Flipkart-Walmart deal: CAIT fears predatory pricing by Walmart

Continuing its protest against the USD 16-billion Flipkart-Walmart deal, the Confederation of All India Traders (CAIT) today wrote to commerce minister Suresh Prabhu expressing concerns that Walmart might adopt predatory pricing and deep discounting, which will kill the trade.

In its second letter to Prabhu, the traders' lobby referred to Walmart as "the US version of The East India Company", and also asked for a thorough investigation of the Walmart-Flipkart deal.

"Walmart is nothing but a US version of The East India Company which conquered the country," CAIT said in the letter, adding, "It is highly regretted that some of the people for just merely earning the profit have sold major chunk of e-commerce to Walmart."
"The ultimate object of Walmart is to enter the retail trade of the country," it said, adding, "In the absence of any policy on e-commerce or retail trade, it would be easy for the Walmart to reach out to retail market, which otherwise it can not enter due to FDI policy."