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Walmart-Flipkart deal: CAIT calls for Bharat Trade Bandh on Sept 28

Walmart-Flipkart deal: CAIT calls for Bharat Trade Bandh on Sept 28

New Delhi, Aug 20 (UNI) Launching a fresh tirade against Walmart Flipkart deal and FDI in Retail

Trade, the Confederation of All India Traders (CAIT) on Monday declared a Bharat Trade Bandh on September 28 against the deal.

"The CAIT has also declared to launch a nation-wide rathyatra of traders which will began here on September 15 and on December 16, the CAIT will organise a Mega Traders Rally protesting against discriminatory treatment against traders," said CAIT national president BC Bhartia and Secretary General Praveen Khandelwal.

The CAIT will also release a Traders Charter at the rally. These decisions were taken unanimously yesterday at the Annual General Meeting of the CAIT held at Nagpur and which was attended by more than 200 prominent trade leaders from all states of the country.

They informed that the traders of the country are deadly opposed to Walmart-Flipkart deal. The agreement will create an uneven level playing field and will wipe out the competition due to their business module which entails predatory pricing, deep discounting and loss funding.

"Terming the issue as a serious one for the survival of the retail traders, the trade leaders from all over the country decided to keep the shutters closed of their business establishments on September 28 demanding the Government to intercept in the deal and stop the emergence of one another East India Company. The markets across the country will remain closed on September 28 while observing Bharat Trade Bandh and traders will take out protest march in their respective cities across the nation," the release stated.

UNI DJK SHK1840

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