CAIT demands special regulator for e-commerce sector
Extract
from the article:
The Confederation of All India Traders (CAIT) is urging for
a specialized regulator for the e-commerce sector in India, citing concerns
over monopolistic practices.
CAIT emphasizes the necessity of regulatory reforms due to
the lack of oversight in the sector, which is deemed a threat to the economy.
This demand for regulatory intervention underscores the
growing complexity of issues surrounding e-commerce operations and market
dominance, particularly by big players.
The call for a special regulator by CAIT signifies a shift
in how trade organizations are reacting to the changing landscape of retail,
acknowledging the need for strategic oversight mechanisms to ensure fair
competition and market equilibrium.
My
Take:
E-Comm Rules: Parekh's Laws of
E-Commerce……08/09/2023
The concept of advocating for regular reviews and updates
of e-commerce rules aligns with the current situation highlighted by CAIT. In
my earlier blog, I stressed the importance of adapting regulations to the
evolving e-commerce environment.
The demand for a specialized regulator stems from the same
concerns I previously addressed, emphasizing the need for proactive measures to
maintain a fair market.
If You Cannot Lick Them; Join Them……24/07/2015
CAIT's decision to embrace e-commerce after initial
resistance echoes the adaptability and strategic shift I discussed in this
blog.
By launching its own e-commerce portal, CAIT is taking
steps to compete with established online platforms, showcasing the necessity of
evolving with the changing times to stay relevant in the retail landscape.
Call
to Action:
To the Confederation of All India Traders (CAIT), I
recommend establishing a dialogue with policymakers and industry stakeholders
to collaboratively design a regulatory framework that fosters fair competition
and innovation in the e-commerce sector.
Embracing transparency and inclusivity in the regulatory
process can lead to sustainable growth and a level playing field for all market
participants.
With regards,
Hemen Parekh
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