You are here: Home » PTI Stories » National » News
Business Standard

CAIT seeks Prabhu's intervention in Flipkart-Walmart deal

Press Trust of India  |  New Delhi 

Traders' body today said it seeks Commerce & Suresh Prabhu's intervention in the proposed USD 12-billion Flipkart-deal, saying the alliance will ?encourage? malpractices and predatory in

In a letter to Prabhu, Confederation of All Traders (CAIT) said the sale of Flipkart's? holding company should not be allowed ?till the time the government frames an policy.

The traders' body argued that the government should make it mandatory that such deals can take place only when 75 per cent of the sellers on an give their assent since they would be the worst sufferers.

"In order to ensure free and fair in the country, we suggest that a policy for e-commerce should be finalised at an early date in consultation with all stakeholders including the trading community," said.

Moreover, it claimed that such a deal will ?encourage malpractices, loss funding and predatory in e-commerce? in the absence of any monitoring mechanism and create an uneven level playing field where will be unable to compete.

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

First Published: Mon, May 07 2018. 15:50 IST
RECOMMENDED FOR YOU