Business

Flipkart, Amazon officials hold meet with govt.

Traders raised concerns over deep discounting, loss funding

A Commerce Ministry official on Thursday met representatives from e-commerce giants Amazon and Flipkart to discuss concerns raised over ‘deep discounting and predatory pricing’ by both the entities.

A source told The Hindu that the meeting was scheduled to take place next week. However, following a meeting with the Confederation of All India Traders (CAIT) on Wednesday, Commerce and Industry Minister Piyush Goyal called for a meeting with representatives of Amazon and Flipkart. CAIT, at its meeting with Mr. Goyal, had alleged that e-commerce firms were indulging in predatory pricing, deep discounting, loss funding and exclusivity of various products which were not allowed under the FDI Policy.

Representatives from the two companies, however, meet DPIIT officials, not the Minister. The source said discussions mainly revolved around issues of predatory pricing and discounts, while companies explained in detail their model of business.

When contacted, an Amazon spokesperson said, “We had open and transparent discussion with DPIIT officials. We thank the government and particularly, Ministry of Commerce and Industry for the opportunity and we are always available for further engagement as needed.”

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Printable version | Jun 2, 2020 7:12:44 PM | https://www.thehindu.com/business/flipkart-amazon-officials-hold-meet-with-govt/article29649863.ece

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