Traders industry body, the Confederation of All India Traders (CAIT) on Wednesday released a White Paper, raising serious concerns over the alleged practices of quick commerce platforms like Blinkit, Instamart, Zepto, Swiggy etc.
The traders body has been alleging that quick commerce platforms are undermining the foundation of India's retail economy. CAIT urged regulatory bodies to intervene and ensure that quick commerce platforms adhere to fair trade practices and protect the interests of small traders.
Speaking at the press conference, CAIT Secretary General, Praveen Khandelwal, condemned quick commerce platforms for misusing Foreign Direct Investment (FDI) rules to dominate suppliers, control inventory, and fund predatory pricing.
This story is from the November 14, 2024 edition of The Business Guardian.
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This story is from the November 14, 2024 edition of The Business Guardian.
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