The Confederation of All India Traders (CAIT) which is an apex body of trading community of the Country and known for its pro-India approach in domestic trade of India has called upon Union Commerce Minister Shri Piyush Goyal to roll out E Commerce policy of the Government at an early date to put curbs on mal-practices of large e-commerce players in India. While appreciating the call of Prime Minister Narendra Modi for vocal on local and Atmnirbhar Bharat, the CAIT said that Indian e commerce ecosystem has been greatly vitiated by large e-commerce companies and in the wake of steep rise of ecommerce share in the Indian domestic trade, it is all the more necessary to have a robust and well defined e commerce policy so that small businesses of India should not suffer at the hands of large e-commerce companies having deep pockets and enormous resources.
In line of aligning physical trade with e-commerce, the CAIT is all set to launch its e-commerce portal Bharatemarket in October. With e-commerce policy, the CAIT has demanded formation of a Regulatory Authority for regulating and monitoring e- commerce business and having adequate powers to penalise offenders of e-commerce policy. The CAIT has also said that no relaxation in FDI policy for e-commerce is required rather the FDI norms for e-commerce should be strictly implemented. The CAIT expressed praise for Union Commerce Minister Shri Piyush Goyal for strongly spelling out the policy of the Government regarding e commerce & FDI in retail trade on various forums in the past which gives a hope that e commerce policy will create an even level playing field in India.
