Traders body CAIT opposes FDI in e-commerce retail

Posted By: Religare
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Opposing the FDI in e-commerce retail, Traders body CAIT said any "hasty decision" on allowing FDI in e-commerce retail will prove detrimental to over six crore small shop owners, reported PTI.

The Confederation of All India Traders (CAIT) also said that it will soon release a white paper on FDI in e-commerce retail.

The paper would be submitted to Finance Minister Arun Jaitley and Commerce and Industry Minister Nirmala Sitharaman, said the media report.

It expressed hope that the new government would consult small traders before taking any decision on this issue, CAIT said in a statement.

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