Complaint filed against Flipkart over FDI norms violation
Traders' body CAIT has filed a complaint against Flipkart with the Enforcement Directorate for allegedly violating the government's foreign direct investment (FDI) policy. CAIT said under the guise of operating under a marketplace model, Flipkart is engaged in the inventory-based model of e-commerce. "Flipkart is engaging in buying of goods which are ultimately sold on their platform," CAIT said.