Indian traders group accuses Blinkit, Swiggy, Zepto of using FDI to undercut local shops.

The Confederation of All India Traders (CAIT) has accused quick commerce platforms like Blinkit, Swiggy Instamart, and Zepto of violating Foreign Direct Investment (FDI) rules. CAIT alleges these companies use FDI funds for deep discounts and market control, harming small traders. The group calls for regulatory action to ensure fair trade practices and protect local retailers.

November 13, 2024
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