CAIT to boycott Chinese goods, urge celebs to stop endorsing Chinese brands
The Confederation of All India Traders (CAIT), a body representing traders across India, has said that it will boycott Chinese products and promote Indian goods.
CAIT has also urged Indian celebrities to stop endorsing Chinese brands. Several Indian celebrities that include actors and sportspersons currently promote popular electronic brands from China, among others.
The move to boycott Chinese goods has been gaining momentum after Prime Minister Narendra Modi’s call to go 'vocal for local’ last month. The voices to boycott Chinese goods grew stronger in the backdrop of a violent face-off between Indian Army and Chinese troops in Galwan valley Ladakh, in which 20 Indian Army personnel lost their lives.
“In the wake of the recent developments, the Indian traders have taken a very firm pledge and resolve to teach China a strong lesson by reducing Chinese imports by Rs one lakh crore by December 2021,” BC Bhartia, president of CAIT, said in a statement.
CAIT’s general secretary, Praveen Khandelwal, said: “There is an immediate need to put an end to Chinese dominance in the tech start-up segment. Various Indian startups like Paytm, Udaan, Big Basket, Milk Basket, Flipkart, Swiggy to name a few, have become Indian giants riding on Chinese money. It is nothing but a sinister design of China to capture the Indian retail markets completely. The government must bring in rules to put a blanket ban on Chinese investments as well advise these technological giants to withdraw Chinese investments.”
CAIT, which represents seven crore traders and 40,000 trade associations had earlier launched a national campaign to boycott Chinese products.
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