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AIOVA demands regulatory body to monitor e-commerce marketplaces

Press Trust of India  |  New Delhi 

E-sellers' body AIOVA has urged the government to set up a regulatory body to monitor various marketplaces and their policies towards merchants on these platforms.

All Online Vendors Association (AIOVA) has re-iterated its demand in the wake of the about USD 16 billion deal that saw US picking up close to 77 per cent stake in Indian

Traders' bodies, including the likes of Confederation of All Traders (CAIT) and RSS-affiliate Swadeshi Jagran Manch, have opposed the deal and alleged that this could further hurt sellers' business.

"AIOVA has been demanding a regulatory body to monitor the trade of marketplaces and their policies towards sellers. We had made this demand in the formed under Niti Aayog in the year 2016 where we were assured they will immediately start working on it," the association said in a statement.

It claimed that no substantial progress has been on its suggestions even after two years.

AIOVA said it has not been kept in the loop on the discussions initiated by the think tank on e-commerce formed under the commerce ministry.

"The working of the think tank is questionable as it has kept sellers and our association out of the discussion nor are they including our demands as part of their agenda. Our dissent was duly expressed to them," AIOVA said.

AIOVA claims to represent over 3,500 sellers present on like Flipkart, and

The body also questioned the role of the commerce ministry and DIPP officials, "who have not opened up or directed any investigations in our specific complaints regarding violation of DIPP Press Note 3/2016".

The commerce and industry ministry notifies FDI policies through press notes. Press Note 3, which was released in 2016, enlists guidelines for foreign direct investment in It also articulated that no discounting is allowed and that no inventory ownership directly or indirectly is allowed by

"Sadly, as a whole has not opened any investigations in the open and blatant violation of FDI Policy of the country by certain 'pseudo marketplaces'," it said, claiming that this amounted to injustice for thousands of that it represents.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 14 2018. 19:45 IST