New Delhi: Trader’s body Confederation of All India Traders (CAIT) has called ‘Bharat Bandh’ on September 28 against the acquisition of Flipkart by Walmart and Foreign Direct Investment (FDI) in retail. Wholesale and retail markets in Delhi will remain closed on September 28 to protest against the sealing of shops in the city.
Markets in the national capital- Connaught Place, Chawri Bazar, Chandni Chowk, Sadar Bazar, Kashmiri Gate, Pahar Ganj, Karol Bagh, South Extension, Greater Kailash, Amar Colony, Green Park, Khan Market, Rajouri Garden, Tilak Nagar, Laxmi Nagar, Vikas Marg, Lajpat Nagar, Shahdara, etc will remain closed today.
Speaking about the huge volume of supporters, CAIT’s West Bengal Chapter Secretary General Rabishankar Roy said, “It is for the first time in the country that about seven crore voters across the country will participate in a Bharat Trade Bandh on September 28 for protection of their rights and business.”
Throwing light upon Walmart’s acquisition of Flipkart and the violation of the FDI policy of the government, CAIT President BC Bhartia said that FDI in retail trade would be disastrous and adversely affect the small-and-medium-sized enterprises (SMEs) and small businesses.
The trader’s union said that the traders were feeling neglected and were concerned over the future of their businesses since the announcement of FDI in retail. It also alleged that multinational companies are being given a passage to enter the retail trade of the country.
Meanwhile, CAIT Secretary General Praveen Khandelwal said, “There no need of FDI in retail. Domestic trade is capable to meet the requirements of citizens. If FDI is to be allowed the pre-condition is to make domestic trade capable of competing with MNCs in terms of finance, technology etc.”
CAIT will begin the strike in West Bengal too despite the state government’s appeal.