New Delhi: Amid the announcement of the recent budget followed by statements from e-commerce giants Amazon and Flipkart on ‘small traders’, the Confederation of All India Traders (CAIT) holds strong objection to the big companies calling Indian traders as small traders.
In a statement released by the two e-commerce giants after the Union Budget was presented on February 1, they had said that they will study the provisions of the recent Union Budget and will talk to the government as to how the country's small traders can be added to the growth of the economy in a better way.
Talking on the similar lines, Noida resident and Chairman of CAIT Delhi-NCR Sushil Kumar Jain said, “This statement from Amazon and Flipkart is only an eyewash in view of the tough attitude recently adopted by the government against these e-commerce portals”.
He added the contribution of traders is much more than the entire business of these two companies. These companies should overcome the misconception that they are big.
CAIT had launched a pilot campaign in Madhya Pradesh from September 1 last year to connect to 7 crore traders of the country and from April 1, the campaign will be launched across the country. Stating this, the CAIT members feel that there is no need for Amazon or Flipkart to worry about connecting traders with e-commerce as the association will talk directly to the government and needs no intermediary.
National President of CAIT, BC Bhartia and Secretary General Praveen Khandelwal expressed surprise over the statement and said that these companies have never followed the law and FDI policy of the country and with their unhealthy business model, they have left no stone unturned to destroy the trade of crores of traders in India.
“We are capable of and can face any challenge! If these companies want to do business in India, then it would be better for them to follow the laws of the country and the FDI policy of the government otherwise 7 crore traders of the country will compel them to leave India,” Khandelwal said.
Welcoming the Finance minister Nirmala Sitharaman's move to impose a TDS of 1 percent on the business transactions on e-commerce in the budget, officer bearers of CAIT felt that it will control the monopolistic attitude of these companies to some extent.