The Confederation of All India Traders (CAIT) criticizes Gujarat government’s pact with Amazon India

The Confederation of All India Traders (CAIT) criticizes Gujarat government’s pact with Amazon India

9th September 2021, Mumbai:

The Confederation of All India Traders (CAIT) has criticized the Gujarat government for signing an agreement with Amazon India to support its anti-competitive practices. At the beginning of this week, Amazon partnered Gujarat’s Industries and Mines Department to boost e-commerce exports in the state and giving a push to the state’s economy.

The agreement will see Amazon train and onboard micro, small, and medium enterprises across Gujarat and facilitate them to sell their ‘Made in India’ products on Amazon’s e-commerce platform.

The MoU is designed to enable them to reach customers in over 200 countries and territories. However, CAIT argues that encouraging small traders to join Amazon will actually harm local businesses.

CAIT has been heavily critical of both Amazon India and Walmart-owned Flipkart, two US-owned businesses, for allegedly flouting FDI regulations. The traders’ body has held protests across India against the two businesses, run multi-media campaigns, and promoted boycotts of both businesses.

 

TOP 5:

Author’s Posts