Indian Traders Call for E-Commerce Regulation to Protect Against-Competitive Practices

NEW DELHI - Dec. 24, 2022 - PRLog -- Local traders and trade organizations in India have raised concerns about the practices of foreign e-commerce companies operating in the country. They claim that these companies are engaging in anti-competitive practices and monopolizing the market, posing a threat to small traders in India.

As an e-commerce consultant, Nitin Lodha strongly supports the idea of e-commerce regulation in India. He believes that the government has a responsibility to ensure that the playing field is level for all businesses, and that foreign e-commerce companies are held to the same standards as domestic ones.

"Small and medium-sized businesses are the backbone of the Indian economy, and it's essential that they have the opportunity to thrive in the e-commerce market," said APAC Managing Partner at Chitrangana.com. "E-commerce regulation is necessary to protect these businesses and ensure fair competition for all players."

In a recent press conference, the Confederation of All India Traders (CAIT) and other trade organizations called on the government to roll out a long-pending e-commerce policy and consumer protection rules to regulate the industry and protect small businesses. They argue that e-commerce trade in India is currently unregulated, giving foreign e-commerce companies an advantage and making the e-commerce landscape an "open playground" for their operations.

In addition to concerns about competition, trade organizations have also raised concerns about the business practices of these foreign e-commerce companies. They claim that these platforms are being used to evade taxes and are causing harm to other retail sectors such as FMCG, consumer durables, and fashion apparel.

Several government agencies, including the Competition Commission of India and the Supreme Court, have found these companies guilty of violating rules and regulations in various cases. However, trade organizations have questioned why these companies are still being allowed to do business in India and why stricter action is not being taken against them.

It is important for the government to enforce well-codified rules and regulations to ensure fair competition and protect the interests of small businesses in the e-commerce industry. The concerns raised by trade organizations should be taken seriously and addressed by the government to ensure a healthy and sustainable e-commerce industry in India.

Detail analysis, https://www.chitrangana.com/Consultant/regulating-e-comme...