To strongly oppose Walmart Flipkart Deal, the Confederation of All India Traders (CAIT) will hold protest dharna across the country on July 2 approximately at 1000 places in different cities in different states.
“Walmart Flipkart Deal will lead to retail slavery in the country,” said CAIT.
The CAIT has demanded the Government to reject the deal and frame an e commerce policy and a Regulatory Authority for e Commerce to regulate & monitor.
CAIT national president B.C. Bhartia & Secretary General Praveen Khandelwal said that the e-commerce market in India which remains very critical since its inception in the country due to ill designed business practices adopted by various leading E Commerce players with a single motto of controlling and dominating retail trade by offering deep discounts and predatory pricing has vitiated the basic fundamentals of e-commerce and in the absence of any policy both in e-commerce and retail trade and easily circumventing the law.