Traders body demands scrutiny of proposed Flipkart-Walmart $12b deal

Traders body demands scrutiny of proposed Flipkart-Walmart $12b deal

Traders’ body CAIT on Sunday demanded scrutiny of the proposed USD 12-billion Flipkart-Walmart deal, claiming that it will promote loss funding and predatory pricing in e-commerce sector. It is really unfortunate that in spite of having a clear FDI policy, foreign companies are finding an escape route, whether it is in retail or e-commerce, Confederation of All India Traders (CAIT) said in a statement. The traders’ body took a strong objection to the Walmart-Flipkart deal and demanded the government to form a regulatory authority for e-commerce and till the authority is…

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