HomeTechnologyCancel licence of Chinese brands OnePlus, iQoo, Poco: Mobile retailers urge Centre

Cancel licence of Chinese brands OnePlus, iQoo, Poco: Mobile retailers urge Centre

All India Mobile Retailers Association (AMIRA) have sought intervention of commerce and industry minister Piyush Goyal and finance minister Nirmala Sitharaman

October 01, 2024 / 23:38 IST
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Suspend licence of Chinese brands OnePlus, iQoo, Poco: Mobile retailers urge Centre
Suspend licence of Chinese brands OnePlus, iQoo, Poco: Mobile retailers urge Centre

Mobile retailers are urging the Central government to prohibit Chinese-owned brands like iQoo (owned by Vivo), Poco (owned by Xiaomi), and OnePlus (owned by Oppo) from doing business in India. They claim that these brands engage in anti-competitive practices that result in financial losses for the government.

All India Mobile Retailers Association (AMIRA), an apex body representing the country's over 1.5 million mobile retailers, has sought the intervention of Commerce and Industry Minister Piyush Goyal and Finance Minister Nirmala Sitharaman, calling for the cancellation of licenses for such companies.

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"Despite CCI reports and persistent follow-ups, these companies continue to violate regulations by maintaining exclusive agreements with e-commerce platform Amazon and refusing to distribute products through retail stores. Additionally, the unauthorised diversion of products from e-commerce to retail channels disrupts fund rotation and denies the exchequer the opportunity to benefit from added rotational GST," Kailash Lakhyani, Founder and Chairman of AIMRA, told Moneycontrol.

They said protecting local businesses and upholding fair trading practices in the country is crucial.