- The association mentioned that in Rajasthan, 5,000 stores have been closed
- It also alleged that some of the online shopping companies were violating FDI norms
Multi brand Electronic retail stores in IndiaAccording to a report by PTI, the Rajasthan Cellular Association, a body of retailers of mobile phone trade, has claimed that brick and mortar retail trade was going through a tough phase and the government should intervene in the matter at the earliest.
Violation of FDI norms
The report also noted that the association alleged that some of the online shopping companies were violating FDI norms and therefore the government should form a regulatory body for them.
Sunil Gupta, association’s president, told the news daily that the mobile retail market has been badly affected by online trade. Over 40,000 mobile retail stores have closed in India in the recent past. In Rajasthan also, 5,000 stores have been closed.
He further stated that a three-day national convention will be held from 6 to 8 January at Ramlila Maidan in Delhi in which nearly 1,500 mobile merchant members of Rajasthan will participate.
He also elaborated that the share of retail mobile trade has drastically come down due to online trade and the government should come forward to regulate the online shopping platforms.
