CAIT held a meeting with CCI on 'unethical competition' by e-tailers

New Delhi, Oct 19 (KNN) Confederation of All India Traders (CAIT) has held a discussion with Competition Commission of India (CCI) on "unethical competition" perpetrated by e-commerce firms, a day after Union minister Piyush Goyal said the government was investigating into alleged predatory pricing by Flipkart and Amazon.

''We are committed to establishing a uniform and competitive business environment in the country and if anyone adopts unhealthy trading practices, influencing prices in any manner, the Commission will surely take action as per law,'' CAIT quoted CCI Chairman Ashok Kumar Gupta as saying on Friday.

National President of CAIT Bhartia and Khandelwal have said that due to unethical commercial practices of Amazon and Flipkart around 40 thousand mobile shops are on the verge of closure by Diwali, while FMCG, electronics, electrical, gift items, garments, watches etc. have suffered huge losses in offline market, Trade in Mobile sector has fallen to about 60% whereas in other sectors it has registered a decline of 30% to 40% sales.

Other business sectors such as footwear has fallen by about 30 to 40 per cent in the month of October, The CAIT has said that if the government did not take action soon, the retail business of the country will be severely affected and there will be an outcry in the business class across the country.

A delegation of CAIT met with the CCI Chairman and apprised him about how e-commerce companies are trapping the country's business in vicious cycle of unethical competition, CAIT said.

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