8/12/2019 Anti- FDI Traders to Sell on EBay, To Start With

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Anti-FDI traders to sell on eBay, to staANUSHA SONI

New Delhi, 26 March

Small traders, known for

opposing foreign investmentin their business, may set upshop in American electroniccommerce company eBaysonline marketplace. Sometrade bodies that already sellon eBay are expanding theirpresence.

The Bharatiya JanataPartys prime ministerialcandidate, Narendra Modi,

last month urged smalltraders to compete with for-eign retail chains through e-commerce. At a conferenceorganised by traders associ-ations in the capital, Modi,without stating his positionon foreign investment insupermarkets, said, Theonline world presents newopportunities for you.

Praveen Khandelwal,general secretary of theConfederation of All-India

Traders, who was present ateBays launch of a report onsellers today, said traders'opposition to foreign invest-ment in retailing had notchanged. However, onlinemarketplaces, like those pro-vided by eBay, could help

local traders to grow, headded.

Apart from eBay, anotherAmerican e-commerce com-pany Amazon operates anonline marketplace in India.Indian e-commerce compa-nies like Flipkart and

Snapdeal have significantforeign investment in them.India does not allow foreigndirect investment in inven-tory-led e-commerce com-panies, but there is norestriction on online mar-ketplaces.

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Khadi and VillageIndustriesCommission (KVIC)

Engineering ExportPromotion Council

GJEPC (Gems &Jewellery ExportPromotion Council)

Jaipur JewellersAssociation

Delhi HindustanMerchantileAssociation

EasternU.P.ExportersAssociation

Gurgaon Chamberof Commerce

Tirupur ExportersAssociations

Surat DiamondAssociation

District IndustriesCentre, Thrissur

Vijayawada Chamberof Commerce

JOINING HANDSKeytie-up ofeBaywith small traders association