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Dec 15, 2019, 10.33 AM IST

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PREDATORY PRICING

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  • About 170 microbreweries mushroomed in the past decade as the country’s high population of millennials showed keen interest in craft beer, a niche segment that still accounts for just 2-3% of the beverage consumption. Packaged craft beer brands such as White Owl and Geist are feeling the impact of the economic slowdown as well.

    This is the third such fund infusion into the unit this year, taking the total investment to Rs 5,701 crore. The investment comes at a time when the ecommerce giant is preparing for its last sale of the season — Big Shopping Days.

    The Confederation of All India Traders (CAIT) claimed that small retailers have suffered at the hands of Amazon, Flipkart and other e-commerce portals for the last one year, leading to decline in their business. "These companies can easily be termed as economic terrorists and a major roadblock in making India a USD 5 trillion economy vision of PM Modi," the CAIT said.

    Speaking at the 2019 ET Awards, Commerce Minister Piyush Goyal says foreign e-commerce companies cannot exercise predatory pricing just beca...

    "I would like to highlight the adverse impact of predatory pricing indulged by some e-commerce players which adversely impact millions of small retailers. It is important for e-commerce to follow the letter and spirit of the law," Goyal said at the BRICS trade ministers meeting. He further added that the need of the hour is to develop digital infrastructure.

    The government had last month asked top two e-commerce firms Flipkart and Amazon to share details of their top five sellers and total business quantum for each seller, variations of commission agreements they have with various sellers, and how investments from their parents are disbursed.

    "Some representations have been received in this department, complaining that e-commerce companies are offering deep discounts, indulging in predatory pricing, engaging in B2C business, exercising control over inventory and influencing the prices of goods sold on the platform," Piyush Goyal told Rajya Sabha.

    Commerce & industry minister warns of strict action if online marketplaces don’t comply with rules.

    Jeff Bezos, the Amazon chief is said to be worried about the changing eCommerce rules in India.

    Piyush Goyal said e-commerce companies have no right to offer discounts or adopt predatory prices. "We will take stringent action against them, if there is violation of any law in letter or in spirit. Action will be taken as per the law."

    The German wholesale retailer has thrown its might behind mom-and-pop groceries and has demanded level-playing for the unorganised sector, wading into a debate in India that ecommerce companies like Amazon and Flipkart are hurting small businesses here.

    The Confederation of All India Traders (CAIT) on Friday said it was unwilling to work with ecommerce marketplaces Flipkart and Amazon to develop small offline traders.

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