: Traders to launch nationwide campaign to boycott Chinese goods #FinanceIndia #StockMarketNEWS Traders to launch nationwide campaign to boycott Chinese goods New Delhi, Jun 8 (KNN) The Confederation

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Traders to launch nationwide campaign to boycott Chinese goods #FinanceIndia #StockMarketNEWS
Traders to launch nationwide campaign to boycott Chinese goods New Delhi, Jun 8 (KNN) The Confederation of All India Traders (CAIT) has announced to launch a nationwide campaign to boycott Chinese goods across the country from June 10.

Under the campaign, CAIT will not only motivate traders to not sell Chinese goods but also urge Indian consumers to buy indigenous products in place of Chinese goods, and in this way Prime Minister Narendra Modi’s call ‘Vocal for Local’ will also be fructified, the traders’ body said in a statement.

CAIT Secretary General Praveen Khandelwal said the traders’ body has been continuously campaigning from time to time for boycotting Chinese products for the last four years on the back of the governments strong push for the ‘Make in India’ programme.

“As a result of these initiatives, imports from China have dropped from USD 76 billion in 2017-18 to USD 70 billion at present. This USD 6 billion import decline tells the true story of the use of indigenous goods and changing consumer sentiments,” Khandelwal said.

Khandelwal said that the CAIT has targeted to reduce Indias imports of Chinese goods by about 13 Bn USD (approx. Rs 1 lakh crore) by December 2021.

To achieve this goal, CAIT has prepared a comprehensive list of about 3000 products imported from China for which Indian substitutes and alternatives are easily available, he added.

He also said that Indian manufacturers have an important role in the Chinese product boycott and CAIT will work with Indian manufacturers to promote the use of indigenous goods nationwide!

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