The unrealistic prices, unfair competition, unhealthy business practices, predatory pricing have damaged the business of offline market to the tune of 50% in various segments and which also lead to no meaning for festival season this time for offline retailers.
To take this issue nation wide national traders body ‘Confederation of All India Traders’ (CAIT) and including IT dealers held a Dharna against e-commerce companies at Jantar Mantar on October 31. Protest was called nation wide to figure out the regulation for e-retailers from government.
Traders demanded to take serious actions for online practices and ask to restructure the ethical business models in favor of traditional market.
Swarn Singh, joint secretary, ADCTA said, “Our association is supporting the CAIT cause, since government bodies are not listening the voice of offline traders on unethical business practice of few e-retailers. We are seeking clarity from the government on their stand. We have already written to government agencies like CBI, CCI, SEBI, Commerce Ministry and PMO office regarding the unfair business practices of large e-retailers.”
Aggressiveness was clearly seen from IT and telecom traders as they are most affected by the predatory pricing of online portals.
Traders are hoping for positive air from higher authorities after this recent Dharna at Jantar Mantar.