Traders will fight cross-border, agitation against E-commerce companies
New Delhi: CAIT, a consortium of merchants across the country, decided to fight a cross-border battle against e-commerce companies. For this, the movement of traders is starting from November 13. The merchant association alleges that "e-commerce companies want to monopolize the country through online shopping and deliberately bring a variety of attractive offers to sell goods at very low prices, spoiling the business environment of the retail market, In this way, these companies are violating Press Note-2 of the Foreign Direct Investment (FDI) Act.
These companies are not doing any business but are engaging in a valuation game at the behest of their private equity or venture capitalist investors. Due to this, 7 crore traders doing business in the country are suffering a lot. His daily bread crisis has also arisen. "
This time, the Consumer Association Mobile Manufacturers Association, Hawkers Association and Transport Association, Farmers and Self Help Group people will also hit the road in support of traders. Earlier, representatives of the traders association have held several meetings with the Ministry of Commerce and Industry on this matter. .
Commerce Minister Piyush Goyal has made it clear that no company will be allowed to break the law related to trade or foreign investment. But the traders were not satisfied even after this. Since then, the trade union has been demanding direct intervention of Prime Minister Narendra Modi in this matter.
According to CAT National President BC Bhartia and National General Secretary Praveen Khandelwal "This nationwide movement will start from November 13, 2019 and will continue till January 10, 2020. All India Mobile Retailers Association, All India Consumer Products Distributors Federation, Federation Of All India Aluminum Utensils Manufacturers, All India Association of Electronics Merchants Association, 40 thousand merchant organizations in the country will join this movement, including Toys Association of India, Drug Dealers Association of India, Federation of Electrical Goods and Appliances Association, Federation of Hardware Manufacturers and Traders Association. "
The retail business in India is run by more than 7 crore small traders, who do an annual turnover of about Rs 45 lakh crore and it is estimated that this sector employs around 40 crore people in the country. The traders plan to celebrate "National Awareness Campaign Day" across the country on November 13, after which they have to place their demands in front of MPs and Chief Ministers and also celebrate National Protest Day.
These companies are not doing any business but are engaging in a valuation game at the behest of their private equity or venture capitalist investors. Due to this, 7 crore traders doing business in the country are suffering a lot. His daily bread crisis has also arisen. "
This time, the Consumer Association Mobile Manufacturers Association, Hawkers Association and Transport Association, Farmers and Self Help Group people will also hit the road in support of traders. Earlier, representatives of the traders association have held several meetings with the Ministry of Commerce and Industry on this matter. .
Commerce Minister Piyush Goyal has made it clear that no company will be allowed to break the law related to trade or foreign investment. But the traders were not satisfied even after this. Since then, the trade union has been demanding direct intervention of Prime Minister Narendra Modi in this matter.
According to CAT National President BC Bhartia and National General Secretary Praveen Khandelwal "This nationwide movement will start from November 13, 2019 and will continue till January 10, 2020. All India Mobile Retailers Association, All India Consumer Products Distributors Federation, Federation Of All India Aluminum Utensils Manufacturers, All India Association of Electronics Merchants Association, 40 thousand merchant organizations in the country will join this movement, including Toys Association of India, Drug Dealers Association of India, Federation of Electrical Goods and Appliances Association, Federation of Hardware Manufacturers and Traders Association. "
The retail business in India is run by more than 7 crore small traders, who do an annual turnover of about Rs 45 lakh crore and it is estimated that this sector employs around 40 crore people in the country. The traders plan to celebrate "National Awareness Campaign Day" across the country on November 13, after which they have to place their demands in front of MPs and Chief Ministers and also celebrate National Protest Day.
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