The Confederation of All India Traders (CAIT) termed the fair market regulator Competition Commission of India (CCI) as a "spineless toothless body" incapable of discharging its duties, and an "Anti-Trust Regulator", for dropping investigation against Amazon for alleged violations pertaining to selling private labels on its portal.
A joint statement by CAIT's National President BC Bhartia and Secretary General Praveen Khandelwal stated that the agency report was "absolutely unambiguous and crystal clear" highlighting how Amazon was pushing its own private label business when it was supposed to perform only as a marketplace as per FDI norms.
It said, “We believe that CCI did not ask the agency to substantiate its charges referred to in its published article and an ex parte order was passed by the CCI which violates the norms of principle of natural justice. We are at a loss to understand why the government and government agencies are keeping a complete silence on the daylight violations of policy, rules and laws by Amazon and others.”
CAIT said, “Issues kept pending for a longer and indefinite period and by that time, the gravity of the issue already caused damage to the affected party. The CAIT has demanded an in-depth study of the working of the CCI and remedial measures to make it a more efficient and accountable regulator like TRAI, SEBI.”
Indian traders are extremely concerned and shocked that the retail ecosystem has been left vulnerable simply because regulator CCI has failed to discharge its duties. Thus, the statement said it is the government's duty to ensure that 80 million traders of India do not fall against the incursion of foreign retail players.
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