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India will not allow competition from foreign retailers

Small traders and retailers assured

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Small traders and retailers assured

 

Incredible India

India will not allow multi-brand retail by foreign companies and on the pretext of B2B no entry will be allowed for multi-brand retail, Commerce and Industry Minister Piyush Goyal has reiterated, assuring support to small traders and retailers in the country.

He assured that each and every point made by the foreign multi-brand retailers will be taken up.

Responding to concerns expressed by the small traders and retails, the ubiquitous pop-and-mom stores catering to the Indian lifestyles, the Minister asserted that predatory pricing will not be allowed and necessary action will be taken against defaulters.

Goyal further said that the Indian Government of India will give all support and assistance to small traders and retailers to grow their business.

He urged small traders and retailers to come on the GeM platform which has achieved Rs.25,000 crore turnover.

Goyal met with representatives of associations of kirana stores, traders and retailers in New Delhi on 19 June 2019 along with his two Minister of States Hardeep Singh Puri and Som Parkash.

Goyal engaged them for discussions on issues of e-Commerce and explore the strengths and weaknesses of small traders.

The Minister also looked at the possibilities of small stores, traders and retailers who may benefit from an e-Commerce platform.

The representatives of the associations of kirana stores, traders and retailers discussed the need for a level playing field and the impact of anti-competitive practices like predatory pricing and other discriminatory methods that are being faced by them from foreign competition. fiinews.com

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