Tue. Mar 19th, 2024

Trader’s Body, The Confederation of All India Trader (CAIT) announced a nation-wide strike to protest against Wallmart’s new acquisition of Indian e-commerce Flipkart.

CAIT in a statement said that All commercial markets across the country will remain closed and no commercial activity will take place. About 7 crore small businesses all over the country are expected to participate in the bandh

All the wholesale and retail market in Delhi will remain shut due to their participation in “Bharat Trade Bandh”. The market in Connaught Place, Chawri Bazar, Chandni Chowk, Sadar Bazar, Kashmiri Gate, Pahar Ganj, Karol Bagh, South Extension, Greater Kailash, Amar Colony, Green Park, Khan Market, Rajouri Garden, Tilak Nagar, Laxmi Nagar, Vikas Marg, Lajpat Nagar, Shahdara will remain closed on Friday.

Reportedly, PTI was informed by CAIT Secretary General Praveen Khandelwal that they have invited all small-businesses to conduct a protest against Walmart-Flipkart trade deal at Jantar Mantar.

https://twitter.com/TEAMCAIT/status/1045571548147535873

The protest manages to get spotlight due its large number of supporters. India will witness a strike by 7 crore traders for the first time on 28th September. 

Apart from the national capital, trade unions across the country will participate in the strike by submitting a memorandum to the respective district collector.

A news report by OneIndia quoted CAIT’s statement as, Besides FDI, the Delhi Trade Bandh is also focussing on sealing issue demanding the government to bring an ordinance to protect Delhi from sealing. To lodge their strong protest, the Delhi traders in large numbers will also join a Protest Dharna at Jantar Mantar tomorrow displaying their anguish and resentment.” 

The strike is conducted post-Walmart-Flipkart deal wherein US-based giant acquired 77% stake in India’s retail major.

Earlier this year, The cabinet pronounced that it will allow 100% foreign direct investment (FDI) in single-brand retail under the automatic route.

The acquisition of Flipkart and FDI norms together will affect most of the small business in India.

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