In the wake of China using veto in UN Security Council against declaration of Masood Azhar as global terrorist and continuously helping Pakistan, the Confederation of All India Traders (CAIT) flaying attitude of China gave a call of burning of Holi of Chinese goods. Trade associations all over the country on Wednesday put to fire Chinese goods at more than 1500 places all over the country including Delhi.
CAIT Secretary General Praveen Khandelwal flaying China said, “Traders are Chowkidar of Indian economy and henceforth the trade from China will not be flourished any more.” He said whoever stands against India’s security traders will boycott goods of that country.
Traders affiliated to CAIT gave a strong message to China by burning Chinese goods on a day ahead of Holi festival. In Delhi, the event was held at Sadar Bazar, the hub of Chinese goods. Thousands of traders from all corners of the city participated in the demonstration.
The demonstrators while shouting slogans warned China to stop helping Pakistan in conducting terror activities in India or else Indian traders will dislodge China from India which is the largest market for China.
CAIT National President B C Bhartia and Khandelwal while strongly condemning China said Indian traders are grossly annoyed with China which is waging a backdoor war against interests of India by helping Pakistan. They urged the government to impose trade restrictions on China.
Both Bhartia and Khandelwal said largely items being imported from China include toys, electronics, mobiles, FMCG products, hardware goods, electrical items, festival material etc, which do not involve much technology. Since Chinese goods are cheaper, consumers generally buy them without caring the quality.
Our SMEs are capable to produce these goods with good quality and at affordable prices and the government should encourage small Industries and give them a special package so that our people can compete with China.
Both trade leaders demanded that to minimise the imports from China, the government should immediately impose a custom duty ranging from 300% to 500% on imports from China whereas on the other hand strict investigation should be conducted at Indian ports on each import from China as goods imported from China are highly undervalued. They urged that the government to confiscate such material and put to auction at more than 50% of the declared price. The government will come to know a big theft in custom duty and IGST and as such can yield substantial revenue.
Bhartia and Khandelwal said that the CAIT is launching a national campaign to boycott Chinese goods during which the traders will be educated as to how their money for purchasing Chinese goods is being used against interests of the country and will urge them to boycott purchasing or selling Chinese goods.
Similar campaign will also be run among consumers urging them to stop buying Chinese goods in interest of the country. They said that crores of traders across India will be aligned with this campaign and efforts will be made to put economic pressure on China. CAIT will join hands with national organisations of farmers, transporters, small industries, consumers, hawkers, self-help groups, women entrepreneurs etc.