MUMBAI: A leading Indian trader body asked the government on Friday to ban upcoming festive sales on Amazon's local unit and its rival Flipkart, saying their deep discounts violate the country's foreign investment rules for online retail.
CAIT, which represents 500,000 merchants and traders in India, also demanded a"blanket ban" on such sales and asked the government to probe the potential violation of FDI norms. Those rules forced Amazon and Flipkart to reconfigure ownership structures and re-jig some key vendor relationships and agreements.Asked for comment, Flipkart said more than 100,000 sellers on its platform awaited its 'Big Billion Days' sale event.
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