HomeBUSINESS'Arrogant' e-commerce firms flout rules, use muscle, money power: Piyush Goyal

‘Arrogant’ e-commerce firms flout rules, use muscle, money power: Piyush Goyal

Ecommerce companies have arrived in India and “ignored” Indian laws “in more than one way”, said Trade and Industry Minister Piyush Goyal and accused them of arrogance. Piyush Goyal said all e-commerce companies should follow Indian laws and not use muscle power or money to hurt Indian interests.

“The Indian market is huge and we welcome all players to come and participate. But obviously, we have to make them work according to the laws of the land. Unfortunately, many of these big e-commerce companies have come to India and mostly have roamed the country, in more than one way,” Piyush said. Goyal on Saturday, according to PTI.

He added saying that he have had several contacts with these big companies, especially the American ones, I can see their pride in being big and able to fund a lot in the early stages trying to capture the Indian market or the big part of the Indian market especially certain products that can damage our mother and pop stores.

'Arrogant' e-commerce firms flout rules, use muscle, money power: Piyush Goyal
‘Arrogant’ e-commerce firms flout rules, use muscle, money power: Piyush Goyal

However, Goyal did not name Amazon.com or Flipkart, the major e-commerce players in India, or specify rules that he said were despised.

Goyal said it was unfair that just because they were large and had large pools of low cost, they were allowed to avoid damaging the interests of the home or the interests of the local consumers. “Therefore, I think it would be good for all companies to follow the law of the land and not use muscle power or money to try to harm the interests of India,” he said.

Piyush Goyal also talked about the latest draft government regulations for e-commerce companies or market models that apply to all organizations including Indians. The minister said the laws protect consumer interest.

The minister also raised the issue of “consumer prices” and said that these commerce firms were trying to “influence market performance, their algorithms were trying to influence consumer choice”, which he said was illegal in India.

He also asked that if questions continue to rage, they are slow to provide information and when people complain to the CCI (Competition Commission of India), they immediately start shopping in Indian law courts. If these companies have nothing to hide and if they do honest business practices, why not respond to CCI? he asked.

After a judge overturned Flipkart and Amazon’s initial appeal in early June, companies filed a lawsuit against CCI’s application to launch an investigation into their business practices.

He also said that many countries such as the US are working on anti-e-commerce laws and that the UK’s competing market authorities have opened a high-tech investigation, especially US forms and that now it is clear that the world is raising the reality of e-commerce and big e-commerce companies.

On Sunday, the Confederation of All India Traders (CAIT) said it had written to Prime Minister Narendra Modi urging the government not to undermine the draft e-commerce rules under pressure. CAIT also alleged that non-compliance with laws and regulations that violate the business practices of foreign-sponsored e-commerce companies has forced the closure of a number of stores in the country.

The CAIT statement also said that as a result of the expected pressure on foreign e-commerce companies that violate e-commerce laws … any pressure.

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