Around 7 crore Indian shopkeepers recently protested against Amazon and Walmart-owned Flipkart alleging the e-commerce majors engaged in predatory pricing, deep discounting and violation of new rules meant to protect local businesses. They are demanding the government shut down the companies’ online marketplaces until they are in compliance,
"Amazon and Flipkart are second versions of East India Company," said Praveen Khandelwal, National Secretary of the Confederation of All India Traders (CAIT).
India’s shopkeepers are mobilizing against the global e-commerce giants, alleging they engaged in predatory pricing in violation of new rules meant to protect local businesses.
India’s government in October announced an investigation into the allegations of predatory pricing. Amazon and Walmart said in statements to Bloomberg News last week that their operations comply with Indian laws, and that they act only as a third-party marketplace.