CAIT moves to CCI against 'Chinese' firm Shopee for hurting Indian SMEs
Zee News
CAIT has moved to the Competition Commission of India against Shopee, claiming that the firm allegedly indulged in predatory pricing and deep discounting tactics.
New Delhi: The Confederation of All India Traders (CAIT) has moved to the Competition Commission of India (CCI) against `Chinese` e-commerce firm Shopee, claiming that the firm allegedly indulged in predatory pricing and deep discounting tactics and violated the Competition Act.
In a petition submitted with the CCI, CAIT Chairman Praveen Khandelwal said that Shopee is offering hefty discounts on various products by selling them at an extremely low price, thereby hampering other competitors and adversely impacting the Indian marketplace.
"Such predatory pricing is being done with a calculated view to eliminate the traditional and small scale businesses in the country. Thus, Shopee is conducting its business in India in violation of provisions of the Competition Act, 2002," Khandelwal said late on Thursday.
