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Business Economy


CAIT urges Modi to form GoM on Coronavirus impact on Indian trade

New Delhi, Feb 20 (UNI) The Confederation of All India Traders (CAIT) has urged Prime Minister Narendra Modi to form a Group of Ministers (GoM) on impact of Coronavirus on trade & industry and supply chain of the country.
In a communication sent to the PM, the CAIT has said that during more than last one decade, China has made deep rooted inroad into trade & small industry of India either by supplying finished goods or supplying raw material required by small industries or supplying spare parts for Assembling units in the Country for production of goods by assembling the spare parts.
CAIT national president B C Bhartia & Secretary General Praveen Khandelwal said in a statement that large scale of imports from China is ample testimony of the above fact. Unfortunately, having easy and cheap imports from China, the importers in India did not explore any other substantial alternative source from other countries.

"At this crucial juncture when industries are locked down in China and all exports have been completely stopped, it is apprehended that it may cause substantial disruption in supply chain of our country," the duo said.

The CAIT has further said that like India, large number of other nations also largely dependent upon China for sourcing of goods. In this context, we also request you to explore the possibilities to make India as an alternate hub by encouraging more and more people to set up production facilities in India under Make in India program.

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