Trade bodies decry ‘unregulated’ and ‘unethical’ practices of ecommerce and quick commerce companies

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Industry bodies on Tuesday raised concerns over what they say are the unregulated and unethical practices of ecommerce and quick commerce companies in India. In particular, they objected to “predatory pricing” and “deep discounting” by these companies, which violate FDI regulations.

The conclave was organised by The Confederation of All India Traders (CAIT) in association with the All India Mobile Retailers Association (AIMRA) and Organised Retailers Association (ORA).

Praveen Khandelwal, CAIT secretary general and member of Parliament, said…



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Trade bodies decry ‘unregulated’ and ‘unethical’ practices of ecommerce and quick commerce companies


Industry bodies on Tuesday raised concerns over what they say are the unregulated and unethical practices of ecommerce and quick commerce companies in India. In particular, they objected to “predatory pricing” and “deep discounting” by these companies, which violate FDI regulations.

The conclave was organised by The Confederation of All India Traders (CAIT) in association with the All India Mobile Retailers Association (AIMRA) and Organised Retailers Association (ORA).

Praveen Khandelwal, CAIT secretary general and member of Parliament, said…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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