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CAIT Urges People To Boycott Chinese Products During Festival Season

The Indian traders are facing their worst nightmare due to the heavy money crunch because of the COVID-19 pandemic and the simultaneous pressure of meeting social and financial obligations in the wake of Diwali festivity., the trade body said.

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The Confederation of All India Traders (CAIT), on Friday, urged the Indian public to boycott Chinese products during the ongoing festival season. 

The Indian traders are facing their worst nightmare due to the heavy money crunch because of the COVID-19 pandemic and the simultaneous pressure of meeting social and financial obligations in the wake of Diwali festivity.  However, the commercial markets across the country have begun witnessing a rise in footfall and as such the retail trade is expecting a huge business from the current Diwali festive season, said the trade body in a statement. 

According to a CAIT survey, so far no order of Diwali goods, firecrackers or other like items have been placed with China by Indian traders or importers and this year's Diwali will be purely celebrated as " Hindustani Diwali", informed the trade body. 

These 20 cities are New Delhi, Ahmedabad, Mumbai, Nagpur, Jaipur, Lucknow, Chandigarh, Raipur, Bhuvneshwar, Kolkata, Ranchi, Guwahati, Patna, Chennai, Bengaluru, Hyderabad, Madurai, Pondicherry, Bhopal and Jammu. 

Every year, during the 5 months festive season which begins from Rakhi to New Year, the Indian traders and exporters import goods worth Rs. 70 thousand from China. The CAIT's call for the boycott of Chinese goods is going to be a big jolt to Chinese trade and to fill the gap, the traders across the Country have a substantial stock of Indian goods with them to meet the requirements of the consumers. 

"During the rakhi festival this year, China suffered a huge loss of around Rs 5000 crore and in the Ganesh Chaturthi, the loss was Rs 500 crores. The same trend is expected to be seen on Diwali when the demands will be met by India-made goods. This clearly indicates that it's not only the traders who are boycotting the Chinese goods but the consumers who are also not willing to buy China-made products. It's a strong and concrete contribution of the business community towards 'Make in India' and 'AtmaNirbhar Bharat' vision of Prime Minister Narendra Modi," said CAIT National President B.C.Bhartia and Secretary General Praveen Khandelwal in a joint statement. 


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