Retailers have joined hands to approach fair trade regulator CCI against USD 16 billion Walmart-Flipkart deal as they apprehend that the it would lead to massive job loss and be a "nightmare for retail trade" of the country.
Traders body CAIT in a strongly worded statement today alleged ruling party BJP of bias towards multi-national companies and deviating from its commitment made in 2014 election manifesto.
The Confederation of All India Traders (CAIT) said that it will move fair trade regulator CCI to file objections on the proposed Walmart-Flipkart deal, claiming that the agreement would lead to an uneven playing field and massive job losses.
On the other hand, an online sellers industry body today moved the Competition Commission of India (CCI) against
Flipkart India Pvt Ltd, a wholesale company, for allegedly abusing
"This difference in interest rates in itself is enough to kill the domestic trade. The Walmart-Flipkart deal will prove to be a nightmare for retail trade and economy of the country. There will be enormous job losses and an uneven playing field," Khandelwal said
While the All India Online Vendors Association (AIOVA), which claims to represent over 3,500 sellers on various e-commerce platforms, demanded investigation on Flipkart market place run by