CAIT opposed to FDI in multi-brand retail, e-commerce

The Confederation of All India Traders (CAIT) on Tuesday said it was not only opposed to 51 percent FDI in multi-brand retail, but also to 100 percent FDI in e-commerce.

The CAIT has submitted its representation to the ministries of commerce, finance and consumer affairs, it said in a release.

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"The CAIT has strongly opposed not only 51 percent FDI in multi-brand retail but is also opposing 100 percent FDI in e-commerce since FDI in e-commerce is allowed only for B2B model whereas the e-portals are circumventing law and making B2C sales," it alleged.

The organisation said in its representation that FDI in retail will be creating an uneven level playing field under which the brick and mortar shops are at a disadvantageous position in comparison to big retailers enjoying FDI.

Source: IANS