Traders’ Body Urges DIPP Not to Allow Sale Of Private Labels On E-Commerce Sites
New Delhi: Traders' body CAIT Sunday urged the Commerce and Industry Ministry not to allow private labels to be sold on e-commerce marketplaces and desist from extending the February 1 deadline for implementation of the changes to FDI policy for the e-commerce sector. In a letter to the Secretary in the Department of Industrial Policy and Promotion Ramesh Abhishek, the Confederation of All India Traders (CAIT) requested him to make it explicitly clear whether private labelling or branding is allowed under the foreign direct investment (FDI) policy in the e-commerce sector. Such online business organizations will proceed with their ulterior thought processes through such escape clauses as they are doing since last numerous years and small retailers will be killer," CAIT claimed. The administration, prior, had cleared up that private names were not prohibited from being sold on internet business commercial centers. One of the huge players, in any case,...