‘Blinkit, Swiggy Instamart, Zepto misusing FDI’: CAIT urges govt for strict monitoring of quick commerce firms
Traders’ body Confederation of All India Traders (CAIT) has urged Commerce Minister Piyush Goyal to enforce strict monitoring of quick commerce companies such as Blinkit, Instamart, Zepto, etc., through consumer protection (e-commerce) rules and e-commerce policies. Seeking immediate steps to ensure quick commerce businesses “comply with laws and regulations”, the confederation in a letter to Goyal accused them of misusing foreign investments to distort the country’s retail market, allegedly posing a significant threat to small shopkeepers.