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CAIT Accuses Quick Commerce Players Of Violating FDI Norms

  • The Confederation of All India Traders (CAIT) accuses quick commerce players like Blinkit, Swiggy Instamart, and Zepto of violating FDI norms and hurting traditional retailers.
  • CAIT alleges that quick commerce platforms maintain exclusive agreements with preferred sellers, use FDI funds for predatory pricing, obscure seller information, and indirectly control inventory.
  • These alleged violations by quick commerce players could have severe consequences for small businesses.
  • CAIT is known for raising concerns against ecommerce giants like Flipkart and Amazon for similar violations.

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