CAIT seeks action against Flipkart, Amazon for FDI norms violation

New Delhi: Traders’ body CAIT on Sunday lashed out at e-commerce majors Amazon and Flipkart, calling them “economic terrorists”, and demanded that the government take action against them for alleged violation of FDI policy norms. However, a Flipkart spokesperson vehemently denied the allegations and said the company operates through a marketplace model in India and is fully compliant with all the laws of the country, including all FDI regulations .

“It is unfortunate that some fringe organisations with vested interests keep peddling their agenda,” the Flipkart spokesperson said, adding that vested interests are against the entrepreneurial spirit that the government wants to kindle in the country to create jobs and support wealth and economic growth creators.