e-commerce a threat to our survival: Traders

Lucknow Businessmen in the state capital have opposed e-commerce websites, saying that they are a threat to the conventional traders.

“e-commerce sites are a threat for local retailers. They are hitting their business by offering huge discounts and lowering the prices of various items, which small traders can’t do. Small traders will go broke, if not supported by the government,” said Sandeep Bansal, president of Uttar Pradesh Udyog Vyapar Mandal.

He said if e-commerce continues, it would continue to eliminate small/medium businesses and small grocery shops. “Online stores will prevent creation of more jobs at the local level. It will promote unemployment in the state that would lead to social unrest,” said Bansal.