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RSS-affiliate Swadeshi Jagran Manch wants Govt. to ban Flipkart, Amazon, eBay, others in India

The Rashtriya Swyamasevak Sangh (RSS) is reportedly in favor
of banning e-tailers like Amazon, eBay and Flipkart in India as the economic
wing of the saffron outfit thinks that such ventures are a threat to Prime
Minister Narendra Modi’s ‘Make in India’ scheme, reports Deccan Chronicle.

The Rashtriya Swyamasevak Sangh (RSS) is reportedly in favor
of banning e-tailers like Amazon, eBay and Flipkart in India as the economic
wing of the saffron outfit thinks that such ventures are a threat to Prime
Minister Narendra Modi’s ‘Make in India’ scheme, reports Deccan Chronicle.

According to reports, leaders of the RSS-affiliate Swadeshi
Jagran Manch think that foreign sites like Amazon are “killing domestic players
in the Indian market”. It even wants a ban on Indian e-tailers such as
Flipkart, which have high foreign fund infusion. A top SJM functionary said
that FDI in e-commerce should be prohibited by law. Leaders of the outfit had reportedly met the finance
minister on the issue to ask him to “plug loopholes in the law.”

In the last few years, Indian e-commerce companies have
attracted huge amount of investments. According to data from Venture
Intelligence, a research service focused on private equity, and venture capital
in India, $273 million was pumped into e-commerce ventures in 2012, $540
million in 2013 and $240 million through April 2014.

Indian laws do not allow FDI in e-commerce sites that sell
products to customers directly, but they allow FDI in market places that link
sellers and buyers.

“Swadeshi Jagran Manch demands that the government
comes out with a white paper on FDI,” its national convener Ashwani
Mahajan told PTI.

“FDI is not a panacea of all ills. It is not a solution
for all problems. FDI has done bad and good to the economy. There have been
more outflows than inflows of FDI. In 2013-14 alone while there has been 21.5
billion USD inflows, there has been an outflow of 34.4 billion USD,”
Mahajan said.

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