TRADERS BHARAT TRADE BANDH ON 28TH SEPTEMBER AGAINST WALMART & FDI IN RETAIL
About 7 crore small businesses across the Country will participate in a Bharat Trade Bandh on 28th September against Walmart Flipkart Deal & FDI in Retail Trade under the umbrella of the Confederation of All India Traders (CAIT) against Walmart Flipkart deal and FDI in retail trade.
CAIT National President Mr. B.C.Bhartia & Secretary General Mr. Praveen Khandelwal todays said that Walmart Flipkart deal is an open violation of the FDI policy of the Government which will directly and adversely affect the small businesses in the Country whereas the FDI in retail will prove to be much disastrous for SMEs, small Industries and for national economy as well. It is highly regretted that knowing well the ill affects, the MNCs are being given a passage to enter into retail trade of India.
Mr. Bhartia & Mr. Khandelwal said that no steps so far has been taken to provide better business opportunities to small businesses and even in past years no effort has been made to initiate any dialogue with traders. On the other hand the CEOs of MNCs are being given hearing by the policy makers and power corridors. It amply reflects that the small businesses is never on any priority though the retail trade in the Country amounts to whopping 42 lakh crores annually. The traders are feeling grossly neglected and highly concerned about future of their business.
They also informed that on 28th September during Bharat Trade Bandh the Trade Associations across the Country will organise mass protest, demonstrations, road march demanding the Government to scrap the deal and not to allow any kind of FDI in retail trade. Memorandums will be given to District Collectors in all States.