CAIT CALL FOR BOYCOTT CHINESE GOODS TO DENT CHINA WITH A TRADE LOSS OF 75000 CRORES DURING FESTIVE SEASON

    2.5 LAKH CRORE EXPECTED TO BE ROLLED OUT IN TRADE DURING FESTIVE SEASON

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    Bharat chauhan, Due to covid from 2020, the traders across the Country are facing their worst nightmare due to heavy money crunch. However, the commercial markets across the Country have begun witnessing a rise in footfall from Ganesh festival began on 31st August and the retail trade is expecting a huge business during the ensuing diwali and other festivals season. The Confederation of All India Traders (CAIT) while expecting that festival season may bring a fresh infusion of about 2.5 lakh crores by way of spending by consumers during the Diwali festival sale period. The CAIT said that like previous year, this year too the CAIT has given a call of ‘boycott chinese goods’ and it is certain that China is going to suffer a business loss of about 75 thousand crores of rupees in terms of stoppage of import of chinese goods by Indian traders and exporters. Another significant change is that from last two years, the Consumers are also not interested in purchasing Chinese goods. This trend is sure to give ample opportunities to craftsman, potters, local artists and small entrepreneurs

    CAIT National President Mr. B.C.Bhartia & Secretary General Mr. Praveen Khandelwal said that at a recent survey conducted by CAIT Research & Trade Development Society, a research arm of CAIT, in 20 Cities of different States which CAIT term as ‘ distribution cities”, so far no order of diwali goods, firecrackers or other like items have been placed with China by Indian traders or importers and this years Diwali will be purely celebrated as ” Hindustani Diwali”. These 20 cities are New Delhi, Ahmedabad, Mumbai, Nagpur, Jaipur, Lucknow, Chandigarh, Raipur, Bhuvneshwar, Kolkata, Ranchi, Guwahati, Patna, Chennai, Bangluru, Hyderabad, Madurai, Pondicherry, Bhopal and Jammu. Every year, during the 5 months festive season which begins from Rakhi to Diwali, the Indian traders and exporters import goods worth approximately Rs. 75 thousand crores from China. The CAIT’s call for boycott of Chinese goods has given a big jolt to Chinese trade and to fill the gap, the traders across the Country have started stocking substantial stock of Indian goods with them to meet the requirements of the consumers.

    Mr. Bhartia and Mr. Khandelwal said that with the inclination of consumers towards Indian goods clearly indicates that it’s not only the traders who are boycotting the chinese goods but the consumers are also not willing to buy china made products. It’s a strong and concrete contribution of business community towards ” Make in India” and “Atmnirbhar Bharat” vision of Prime Minister Shri Narendra Modi.

    Prominent retail verticals like FMCG goods, Consumer durables, Toys, Consumer Electronics, Electrical Appliances and goods, Kitchen articles and accessories, gift items,personal consumables, confectionary items, home furnishing,tapestry,utensils,builders hardware, footwear, watches, furniture and fixtures, garments, fashion apparels, cloth, home decoration goods, Diwali pooja goods including clay Diyas,Deity’s, wall hangings,handicraft items, textiles, good fortune symbols like Shubh-Laabh, Om, feats of Goddess Lakshmi for home decor, decorative articles, etc are the core sectors where Chinese goods have been replaced by Indian goods.

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