avi
Juggernaut
Even as the Indian e-Commerce space grows at a blistering pace, thanks to fresh fund injections and aggressive marketing strategies, the economic wing of the RSS has said that such sites are a threat to Modi's 'Make in India' agenda, and are“killing domestic players in the Indian market”.
The RSS wants the government to ban foreign sites like Amazon, as well as Indian players such as Flipkart which have high foreign fund infusion, according to this report in the Indian Express.
The report quotes Ashwani Mahajan, SJM national convener as saying, “We are of the opinion that FDI in e-commerce should be prohibited by law. Though we do not allow FDI in e-commerce sites, they circumvent the law to sell their product in the country. Even Indian e-commerce firms like Flipkart have turned to be foreign now with funding from outside. There is a lacuna in the law and this cannot be allowed. We have asked the Finance Minister to plug loopholes in the law".
http://www.firstpost.com/business/n...ti-make-in-india-flipkart-amazon-2051395.html
The RSS wants the government to ban foreign sites like Amazon, as well as Indian players such as Flipkart which have high foreign fund infusion, according to this report in the Indian Express.
The report quotes Ashwani Mahajan, SJM national convener as saying, “We are of the opinion that FDI in e-commerce should be prohibited by law. Though we do not allow FDI in e-commerce sites, they circumvent the law to sell their product in the country. Even Indian e-commerce firms like Flipkart have turned to be foreign now with funding from outside. There is a lacuna in the law and this cannot be allowed. We have asked the Finance Minister to plug loopholes in the law".
http://www.firstpost.com/business/n...ti-make-in-india-flipkart-amazon-2051395.html