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Traders call Bharat Bandh on September 28 against Walmart-Flipkart deal

CAIT will approach govt to annul the Walmart-Flipkart deal as it violates press note 3 of 2016, which clearly says that FDI will be allowed in e-commerce

Press Trust of India  |  New Delhi 

Flipkart
FILE PHOTO: The logo of Flipkart is seen on the company's office in Bengaluru | Photo: Reuters

Retailers association has called for nationwide traders' strike on September 28 to protest against acquisition of Flipkart by US retail giant Walmart, the traders' body said Thursday.

"We are observing Bharat trade bandh on September 28. Almost 70 million traders across the country will keep their shutters closed to protest against Walmart acquiring Flipkart," secretary general Praveen Khandelwal said.

He said that the (CAIT) will approach the government to annul the deal as it violates press note 3 of 2016, which clearly says that no foreign direct investment will be allowed in e-commerce.

Reacting to CAIT's call for nationwide bandh, Walmart said it remains committed to contributing to the Indian economy by supporting smallholder farmers, manufacturers, and kirana (grocery) customers.
 

"Flipkart is a prominent player in India with a strong, entrepreneurial leadership team that is a good cultural fit with Walmart. We believe that the combination of Walmart's global expertise and Flipkart will position us for long-term success and enable us to contribute to India's economic growth," Walmart spokesperson said.

has challenged Walmart-Flipkart deal before (NCLT).
 

"If need be, we will take the fight to Supreme Court. The business of traders is adversely effected because Walmart is using e-commerce platform passage as a way to infiltrate goods sourced globally by it to influence Indian retail market," Khandelwal noted.
 

He alleged that through e-commerce Walmart will dump products in Indian retail market that it sources globally and indulge in predatory pricing and other malpractices.

"Ultimately domestic manufacturing sector and the traders will lose their business because of uneven level playing field," Khandelwal added.

The CAIT is also launching a 90-days beginning September 15 from Delhi.

"The Digital Rath will have LEDs on its wall and audio system to address people around," Khandelwal said.

First Published: Thu, September 06 2018. 18:55 IST
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