wordpress blog stats
Connect with us

Hi, what are you looking for?

Offline retailers accuse Amazon and Flipkart of deep discounting, predatory pricing and undercutting

How is it that companies like Amazon and Flipkart continue to sell at discounted prices despite being in heavy losses, asked Praveen Khandelwal, national secretary-general of Confederation of All India Traders (CAIT) at a panel discussion organised by the Competition Commission of India (CCI) on August 30. “Venture capital and private equity firms are least interested in the business model of companies. They want to increase the market value of a company and then sell it off. That is also the story of e-commerce companies in India,” Khandelwal said. He also alleged that while associations like his have been asking for an e-commerce policy, “these companies have stalled it”. “There’s just no regulatory mechanism to help us,” he noted. The panel was discussing the advent of e-commerce in India, and how small and medium retailers have been feeling the pinch of the sector’s boom. Khandelwal also said, “Who are the first 10 sellers on an e-commerce portal? Check it. These [sellers] are offshoots of that particular e-commerce company.” He directed this question towards Amazon’s senior corporate counsel Rahul Sundaram, who defended Amazon’s business strategies and said that Amazon was a pure play market, didn’t prioritise sellers, and didn’t decide prices of products on its platforms. Khandelwal along with Kush Agarwal, a member of All India Online Vendors Association (AIOVA) argued fiercely against e-commerce companies in India and grilled Amazon’s Rahul Sundaram over the company’s practises. Snapdeal and VMart representatives remained comparatively quiet across the panel, making points sporadically. Against deep discounting and predatory…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ