BJP MP from Chandni Chowk, Delhi and Secretary General of the Confederation of All India Traders (CAIT) Praveen Khandelwal on Sunday hailed the country emerging as the fourth largest economy in the world, stating that the development is a direct reflection on Prime Minister Narendra Modi's visionary leadership.
In view of the growing attempts by e-commerce and quick commerce companies to capture India’s vibrant retail trade worth over Rs 140 lakh crore annually, the Confederation of All India Traders (CAIT) on Sunday said it is organising a national conference next week.
The Confederation of All India Traders (CAIT) observed a bandh in the national capital on Friday in protest against the Pahalgam terror attack. In a show of solidarity, markets remained closed as traders paid tributes to those killed in the massacre.
The confederation urged the government to examine the business module of such companies and ensure necessary action if required.
The Confederation of All India Traders (CAIT) came down heavily on the Directorate General of Foreign Trade (DGFT) for promoting e-commerce players to leverage district-specific products and their exports from the country.
The ongoing Diwali festival season is all set to bring cheers for the trading community of the country as it is expected that there will be a fresh infusion of about Rs 2.5 lakh crore in the markets by way of shopping and sale of goods and usage of services, said the Confederation of All India Traders (CAIT).
The CAIT has once again re-continue its boycott of Chinese goods campaign in festive season. Every year 20 crore Ganesh idols worth 300 crore are purchased.
CAIT's Delhi Chapter President Vipin Ahuja in a letter sent to Puri, stated that Delhi is the largest commercial distribution center of the country from where goods are transported to other states.
The CAIT has also decided to organise a national level conference of prominent chemists Associations of different states in 1st week of May. Also a delegation of CAIT will soon meet Mandaviya and Commerce Minister Piyush Goyal to apprise them about blatant violations of e-pharmacies in the country.
The business activities happened as usual in all commercial markets across the country, whereas manufacturing activities did take place in the industrial areas
