Union Commerce Minister Calls E- commerce “Arrogant”
- ByStartupStory | June 28, 2021
Union commerce and industry minister Piyush Goyal calls e-commerce “arrogant” saying they have flouted Indian laws in more than one way and have blatantly come and enforced their domination in Indian market. He has asked all e-commerce sites to follow Indian laws and not employ muscle and money power. The Indian market is big and we welcome all players to come and participate. But clearly, we have to have them working within the rules and laws of the country. Unfortunately, many of these large e-commerce companies have come into India and very blatantly flouted the laws of the land, in more ways than one,” Piyush Goyal said on Saturday, according to PTI. “I have had several engagements with these large companies, particularly the American ones, I can see a little bit of arrogance of their being big and their ability to finance large amounts of money in the initial stages to try and capture the Indian market or larger part of the Indian market particularly certain products to the detriment of our mom and pop stores,” he added.
Goyal however refrained from naming Amazon/ Flipkart, the two of the largest e-commerce sites in India, in his statement.He also did not clearly specify as to which laws were getting flouted. The Ministry said that just because they have a huge capital base does not mean they can overrule India’s domestic consumer interest or simply domestic interest as such. It referred to the procedure as “unfair.” “So, I think it will be good that all companies follow the law of the land and do not use muscle power or money power to try and hurt Indian interests,” he said. This has clearly been stated following the recent draft rules regarding e -commerce websites. All e- commerce websites have been asked to follow the rules stated for the benefit and interests of indian citizens. The minister also brought up the issue of “predatory pricing” and said these e-commerce firms are trying to “influence market behaviour, their algorithms are trying to influence consumer choice”, which he pointed out are not permitted in India.
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