CAIT Says Amazon's Arbitrary Policies to Dominate India's Retail Trade Should End
News 18Trader’s body CAIT on Monday said Amazon’s “manipulative, coercive, arbitrary and dictatorial policies” to dominate India’s retail trade should come to an end, hours after the Delhi High Court passed an order related to Future Group’s proposed asset sale to Reliance Retail, a deal that is being opposed by Amazon. The court rejected Future Retail Ltd’s plea for an interim injunction to restrain Amazon from writing to Sebi, the Competition Commission and other authorities about the SIAC arbitral order against the proposed Rs 24,713 crore deal with Reliance Retail. The “manipulative, coercive, arbitrary and dictatorial policies of Amazon” to control and dominate the retail trade of India through e-commerce should come to an end now. In August 2019, Amazon bought 49 per cent stake in one of Kishore Biyani-led Future Group’s unlisted — Future Copouns Ltd — with the right to buy into the listed flagship FRL after a few years, if the government were to undo its bar on foreign ownership of multi-brand retailers.