News dalla rete ITA

8 Luglio 2019

India

COME TO THE TABLE, GOVT TELLS RESTAURANTS, FOODTECH

NEW DELHI| BENGALURU: The policy menu for online food aggregators may get new entries – the Department for Promotion of Industry and Internal Trade (DPIIT) has summoned Swiggy, Zomato, Foodpanda and Uber Eats for a meeting on Thursday. This follows complaints from restaurants that food aggregators are engaging in “deep discounting” and “predatory pricing”.Recently, the commerce and industry minister, Piyush Goyal, admonished global ecommerce players for “hurting” local kiranas and small retailers through their “predatory pricing” practices. He categorically stated that the government will not allow small retailers and kirana shops to be wiped out and that it is making all efforts to balance the interests of small businesses, retailers and ecommerce companies.“The meeting has been called to resolve the issues of the restaurants. They have problems similar to those brick-and-mortar retailers had with ecommerce platforms,” said an official in the know of the details. He spoke off record.India’s food ordering sector has seen partial rationalisation in the past six months. Market leaders Swiggy and Zomato continue to burn large amounts of cash to compete with each other while cab aggregators Uber and Ola, which had thrown their hats into the space, cut spending drastically after burning through millions of dollars with little to show for it in terms of topline enhancement.“Apart from small restaurants, large chains have also raised these issues with authorities… discounts doled out by these app-based players have led to as much as 30% reduction in their business,’’ said a person in the know of the matter.https://retail.economictimes.indiatimes.com/news/food-entertainment/food-services/come-to-the-table-govt-tells-restaurants-foodtech/70066403 (ICE MUMBAI)


Fonte notizia: The Economic Times