Retailers Demand CCI to Take Action Against Walmart-Flipkart Deal
Traders Body, Confederation of All India Traders ( CAIT ) has decided to approach fair trade regulator CCI against $16 billion Walmart-Flipkart deal claiming that the agreement would lead to massive job loss and will turn out a nightmare for retail trade in the country.
It is interesting to note that US giant Walmart had approached CCI just last week to garner approval for its mega Flipkart buyout stating that it doesn't raise any competition concerns.
Meanwhile, the All India Online Vendors Association (AIOVA) industry body on Monday has also moved to Competition Commission of India (CCI) against Flipkart India Pvt Ltd. a wholesale company, for allegedly abusing its dominant position on Flipkart's online marketplace.
The body has claimed that Flipkart India Pvt Ltd. sources goods...