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11/01/2020 10:58am

Govt unlikely to buy Amazon CEO Jeff Bezos arguments: CAIT

image Govt unlikely to buy Amazon CEO Jeff Bezos arguments: CAIT

New Delhi, Jan 11 (KNN) Confederation of All India Traders (CAIT) has said that the government is unlikely to buy Amazon CEO Jeff Bezos arguments who is scheduled to visit India next week. 

The traders' body further said that forthcoming visit of Amazon CEO Jeff Bezos to India is nothing but to deceive the government by likely building a diplomatic narrative to show that their business is pro-small traders friendly and their portal is providing ample opportunities to small retailers to become big.

''Since, both the government and other concerned authorities have been satisfied by the Confederation of All India Traders (CAIT) about mal- practices being adopted by Amazon & gross violation of FDI policy with related evidences, it is most unlikely that Government will buy his arguments,'' said Praveen Khandelwal, Secretary General of CAIT.

Commenting upon the visit of Jeff Bezos, Khandelwal said that he is coming purely to create a false narrative of empowering the small retailers and if he meets with PM Narendra Modi, he will try to protect mal practices of Amazon and violation of FDI policy in the name of small retailers.

The bigger question is that what is the need of holding a conclave named Sambhav for allegedly empowering retailers. Amazon already have 5 lakh retailers on their portals, what they claim.

''Let them announce what all they have done so far to empower the existing retailers on their platform. What is the quantum of business these retailers are doing annually since last 5 years? Whether anyone of them is listed as top 20 sellers during last 5 years. The answers to these questions will expose Amazon. It’s nothing but just an eye wash to set right the wrong doing,'' Khandelwal questioned.

The traders across country are planning to observe National Protest Day across the country under which Jeff Bezos visit will be strongly opposed by holding Halla Bol Rally & Sit-In in different cities of all States of the Country.

Final program will be announced on January 12th by CAIT said Khandelwal.



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