Snapdeal veiled attack on large e-comm firms, says using “glaring loopholes” to flout norms

SoftBank-backed e-commerce marketplace Snapdeal has said that some companies were using “glaring loopholes” in the FDI e-commerce policy to run a proxy inventory-based model of e-commerce. Snapdeal had reportedly written a letter to the commerce minister Suresh Prabhu last week without mentioning names of companies however, he stressed that the “loud protests” by some firms was […]

from The Financial ExpressThe Financial Express http://bit.ly/2HDtYJp
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