CAIT suggests imposition of min operating price for products

Traders body CAIT on Sunday suggested the government to impose a “minimum operating price” for products, alleging that traders are at the receiving end of a pricing onslaught posed by e-commerce firms and brands in collusion with banks.

The Confederation of All India Traders has written letter to Union Commerce and Industry Minister Piyush Goyal. “Under the circumstances and visualising it as a price war, we suggest it is the high time when the government must step in and enforce the fundamental of Minimum Operating Price which is the price consisting of landing price, operational cost and reasonable profit margin and below the MOP no product should be sold in the market,” CAIT said in the letter.