- Queries were sent following the complaints made by brick-and-mortar retailers as well as online vendors alleging that these companies may be violating FDI rules
- The queries which were regarding top sellers, pricing of goods by vendors, capital structure and inventory management system
(pic credits – pixabay)An official told Hindu Business Line that e-commerce companies including Amazon and Flipkart have submitted their responses to the queries sent to them by the Department for Promotion of Industry and Internal Trade (DPIIT) on their operations in India, which are now being vetted by the government to see if existing rules might have been flouted.
The queries which were regarding top sellers, pricing of goods by vendors, capital structure and inventory management system. They were posed after the complaints, made by brick-and-mortar retailers as well as online vendors alleging that these companies may be violating FDI rules
In the process of going through the responses
The official informed the news daily that the DPIIT is in the process of going through the responses given by the companies to the queries. Future action will depend on the information received.
He added that it is too early for the DPIIT to comment on the information received as it is still being examined. If everything is in the order, we will let the matter be. If not, then it can be taken up with the appropriate authorities.
The Confederation of Indian Traders (CAIT), informed that it had convened a meeting of its National Governing Council on November 10 to take stock of the current situation and finalise the strategy for a movement to be launched from November 13.
