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  1. FDI parity: HC seeks govt’s response on retailers’ plea

FDI parity: HC seeks govt’s response on retailers’ plea

Failing to get a response from the government, brick-and-mortar retailers through All India Footwear Manufacturers and Retailers Association...

By: | New Delhi | Published: September 24, 2015 12:30 AM

Failing to get a response from the government, brick-and-mortar retailers through All India Footwear Manufacturers and Retailers Association (AIFMRA) on Wednesday moved the Delhi High Court seeking parity in foreign direct investment norms with e-commerce players.

AIFMRA also sought a probe into the affairs of various e-commerce website offering footwear for sale and also appropriate action against them under money laundering laws. Moreover, it wants to restrain the government from allowing FDI into any entity involved in e-commerce.

Justice Rajiv Endlaw has sought reply from the ministries of finance and commerce, RBI, Enforcement directorate, etc on the AIFMRA’s plea seeking level-playing field amongst the retailers in the physical world and retailers in the cyberspace (internet world).

Alleging that ecommerce players, which have attracted thousands of dollars in overseas funding using the marketplace model, senior counsel AM Singhvi argued that the rampant illegalities committed by various entities and their affiliates are not being investigated by the authorities.

E-commerce websites are doing business through internet as online stores in complete violation of the consolidated FDI Policy of 2015 which became effective from May 12, it said.

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