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E-commerce firms flouting FDI rules, must be deal with: Trade group

The meeting was held after Piyush Goyal, commerce and industry minister, said the government is considering clarifying rules on e-commerce

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CAIT sought a regulator to monitor e-commerce business in India. | Photo: Shutterstock

Shreya Nandi New Delhi
A trade association on Wednesday asked the government to take "strict action" against Amazon and Flipkart, accusing the e-commerce companies of violating India’s rules on foreign direct investment (FDI).

The Confederation of All India Traders (CAIT), which claims to represent 80 million retail stores, was among associations that met officials from the government’s department for promotion of industry and internal trade (DPIIT) on Wednesday. The department is holding a series of stakeholder consultations on issues pertaining to foreign direct investment (FDI) in e-commerce.

The meeting was held after Piyush Goyal, commerce and industry minister, said the government is considering clarifying