New Delhi, Dec. 1 (PTI) : Traders’ body CAIT on Sunday lashed out at e-commerce majors Amazon and Flipkart, calling them “economic terrorists”, and demanded that the government take action against them for alleged violation of FDI policy norms.
However, a Flipkart spokesperson vehemently denied the allegations and said the company operates through a marketplace model in India and is fully compliant with all the laws of the country, including all FDI regulations.
“It is unfortunate that some fringe organisations with vested interests keep peddling their agenda,” the Flipkart spokesperson said, adding that vested interests are against the entrepreneurial spirit that the government wants to kindle in the country to create jobs and support wealth and economic growth creators.
“These companies can easily be termed as economic terrorists and a major roadblock in making India a $5 trillion economy vision of Prime Minister Narendra Modi,” the traders’ body said.
Flipkart, on the other hand, said innovation and tech-driven digital commerce is central to India’s dream of a $5 trillion dollar economy. It said e-commerce was enabling the success of MSMEs, kiranas, farmers and also creating new livelihood opportunities while supporting formalisation of the economy and bringing in more tax revenue to the exchequer. It also demanded severe action against the e-commerce players as well as brands and banks.
