New Delhi, June 28 (TIWN) Taking the statement of Union Commerce Minister Piyush Goyal as magisterial articulation of Indias e-commerce policy and his candour against arrogance and shameless illegalities of US ecommerce godzillas at a virtual talk held with Stanford India Policy & Economics Group on Saturday, the Confederation of All India Traders (CAIT) has termed Goyal's candid statement as a warning bell to all e-commerce entities who are indulging in e-commerce business activities in India.

CAIT National President B.C.Bhartia & Secretary General Praveen Khandelwal while complimenting Goyal said that his statement was quite unambiguous and defined the intentions of the Government in very clear terms that there will be no compromise on complying with the law and rules of the Indian Government by one and all whether a foreign or indigenous e-commerce entities. CAIT has been spearheading a national movement against illegitimate business practices of foreign funded e-commerce entities for more than two years.