E-commerce firms deeply engaged in predatory pricing | Freelance Web Designer HK

Traders’ body CAIT on Monday expressed apprehension over the commerce ministry not taking any action on the e-commerce issues and its detrimental impact on the country’s retail trade.

The Confederation of All India Traders (CAIT) took a strong view against e-commerce platforms for indulging in “deep discounting and loss funding thereby violating FDI Policy 2016 of the Union Government”.

The traders’ body criticised Commerce & Industry Minister Suresh Prabhu for remaining silent on the issue despite drawing his attention to it several times.
E-commerce firms deeply engaged in predatory pricing, says retail trade body CAIT. Thinkstock image.

E-commerce firms deeply engaged in predatory pricing, says retail trade body CAIT. Thinkstock image.

Read complete article here:

E-commerce firms deeply engaged in predatory pricing | Freelance Web DesignerFreelance Web Designer | Web Design | Ecommerce | Hong Kong.