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FDI in e-commerce will make India a dumping ground, say traders

<p>Traders on Friday called upon the government not to allow foreign direct investment (FDI) in e-commerce as 'the platform will be used to make the country a dumping ground'</p>

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Traders on Friday called upon the government not to allow foreign direct investment (FDI) in e-commerce as 'the platform will be used to make the country a dumping ground'.

"Dumping happens when prices are artificially lowered by accessing funds from overseas sources. Currently, e-retailers in India are selling products much below the actual price of the manufacturer," Confederation of All India Traders (CAIT) Secretary General Praveen Khandelwal said at a stakeholders meeting with the Commerce Ministry in New Delhi.

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