Ecommerce news India | Traders to protest against Amazon at Jantar Mantar

2 minutes reading Updated: 15 Jan 2020, 12:16 AM IST

• The protest coincides with the two-day Amazon Summit for SMEs in the national capital, which could be attended by founder of the largest e-commerce, Jeff Bezos.
• 500,000 merchants are expected to protest at over 300 locations in India on Wednesday

Ecommerce news India | Traders/Merchants to stage protest today at Jantar Mantar against ecommerce giants Amazon/Flipkart

Ecommerce news India - CAIT (Confederation of Indian Traders) is organizing a protest at Jantar Mantar, in the national capital, on Wednesday to show their anger at foreign online retailers in the field of e-commerce making it big in ecommerce news in India. This, while the American e-commerce company Amazon begins its symbolic two-day summit for SMEs in the national capital. The event will likely bring Amazon founder Jeff Bezos to the country, according to numerous media reports.

It is expected that the American billionaire, Jeff Bezos, who founded Amazon in 1994 will face the heat of many merchant associations and retailers in India, where dozens of small retailers, distributors, and mobile phone store owners will be stirred against the big discounts offered by electronic retailers (ecommerce retailers) such as Amazon & Flipkart and encouraged to forcing them to comply with the guidelines Foreign Direct Investment (FDI) policy. In total, 5,00,000 merchants/traders are expected to protest at more than 300 locations in India on January 15, CAIT said. On Wednesday, merchants will meet in Jantar Mantar in Delhi between 11:30 am to 12:30 pm, a member of the CAIT told. In addition, protests will be held at other locations apart from Delhi. Reports said that these protests are trending in ecommerce news in India.



The online retailer will organize a two-day event in the capital, starting January 15. "Smbhav", a collaboration event for SMEs (Small to Medium Enterprises), will be attended by top industry executives, such as Kishore Biyani, Piyush Pandey, among others; while Amazon's chief executives, such as Amit Agarwal (Amazon's country head, India), are expected to address Small business owners rather than collaborating with online retail products, services and platforms.

Amazon will organize the event in the context of an investigation conducted against online retailers in India earlier this week. On Monday, the Indian Competition Authority, the Competition Commission of India (CCI), said it has summoned an investigation into alleged violations of competition law by Amazon and Flipkart. CCI has said that it will investigate e-commerce retailers about excessive discounts and exclusive tie-ups, following complaints from Delhi Vyapar Mahasangh, which is also a part of the association and represents the interests of small businesses. Amazon said it will fully cooperate with the Competition Commission of India.