CAIT welcome Walmart CEO Mcmillon statement

Central Chronicle News
Raipur, Aug 26: CAIT National Vice President Amar Parwani, chairman Mangelal Maloo, Amar Gidwani, State President Jitendra Doshi , States Working President Vikram Singh Deo, Parmanand Jain , Vashu Makhija, state General secretary Suriender singh , State Working General secretary Bharat Jain, State Treasurer Ajay Agrawal and state media incharge Sanjay Choubey informed that The Confederation of All India Traders (CAIT) has welcome the recent statement of Mr. Doug Mcmillon, President & CEO of Walmart Inc. saying that his company needs to comply with Indian rules which amply corroborate the stand of the CAIT that somewhere within its business practices, the Flipkart (owned by Walmart) is not following the law stipulated under various Acts and Rules concerning the e-commerce space of India. However, we appreciate Mr. Mcmilan for his candid statement and we expect that in pursuance of his statement, Mr. Mcmilan should advise the management of Flipkart in India to speed up the investigations of Competition Commission of India and Enforcement Directorate being conducted presently against Flipkart.
Then only it will be proved that whatever Mr. Mcmilan is saying he really mean it-said Mr. Amar Parwani, National Vice President and Mr. Jitendra Doshi , State President of the CAIT while commenting upon the statement of Mr. Mcmilan that appeared in the media today.
Being encouraged with the statement of Mr. Mcmilan, Mr. Parwani and Mr. Doshi further said that beside investigation by CCI and ED, the CAIT would like to send its complaints against present business activities Flipkart which has highly damaged the business of physical retailers, to Mr. Mcmilan for one to one talks with him and the Flipkart management. This step of CAIT is in consonance with the statement of Mr. Mcmilan when he said that “ India is such a diverse market. We have to think local and execute locally. It has its own rules and we got to comply with those rules” -said both the leaders.
Mr. Parwani & Mr. Doshi said that India is certainly a land of diversity and in furtherance of the call of Prime Minister Narendra Modi for Digital India, rules are certainly needs to be changed since e-commerce is relatively a new business stream of the retail trade of India and it will be greatly appreciated if foreign funded e-commerce companies and domestic e-tailer both in goods & services operate their business activities as per the provision of the Rules and the law and not only that if traders also also want to avail e-commerce as their additional business stream beside their physical shops, they also need to comply the law. There cannot be any excuse for any entity.

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