Mumbai, October 17
The government is probing Flipkart and Amazon over the alleged predatory pricing, commerce minister Piyush Goyal said today.
Warning of stringent action for any violation, he said detailed questionnaires have been sent to these companies and their response is awaited.
According to reports, the e-commerce majors have grossed up over $3 billion in gross merchandise value during the festive sales in the fortnight.“E-commerce companies have no right to offer discounts or adopt predatory prices. Selling products cheaper and resulting the retail sector to incur losses is not allowed,” Goyal said. — PTI
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