: CAIT writes to Mukesh Ambani & 50 others seeking their support to ‘Boycott China campaign’ #FinanceIndia #StockMarketNEWS CAIT writes to Mukesh Ambani & 50 others seeking their support to ‘Boycott

@StockMarketNEWS Thu 25 Jun, 2020

Posted in: #FinanceIndia #StockMarketNEWS

CAIT writes to Mukesh Ambani & 50 others seeking their support to ‘Boycott China campaign’ #FinanceIndia #StockMarketNEWS
CAIT writes to Mukesh Ambani & 50 others seeking their support to ‘Boycott China campaign’ New Delhi, Jun 25 (KNN) The Confederation of All India Traders (CAIT) has written to the Reliance Industries chief Mukesh Ambani and 50 other captains of India Inc including Ratan Tata, Azim Premji, Gautam Adani, Ajay Piramal, Anand Mahindra and Sunil Bharti Mittal seeking their support in its campaign to boycott Chinese goods.

Apart from these, CAIT also urged Kumar Mangalam Birla, Vikram Kirloskar, Rahul Bajaj, Shiv Nadar, Pallonji Mistry, Uday Kotak, Nusli Wadia, Shashi Ruia, Madhukar Parekh, Harsh Mariwala, Satish Reddy and Pankaj Patel, among other prominent industrialists, to join its "Bhartiya Samaan-Humaara Abhimaan" campaign.

Traders body, in communication to Ambani and other Industrialists said that being a successful entrepreneur and one of the captains of Indian Industry, the CAIT has invited the group of Industrialists led by Ambani to join the movement as a valued partner and sought their support for such mass movement which has the making of a game changing initiative that has the potential to reshape India’s journey as a global superpower by reducing China’s dominance.

"At a time when Chinas army in the most clandestine manner has committed a barbaric attack on the Indian army at Ladakh border resulting into the brutal killing of 20 brave sons of the country, the heart of every Indian is filled with deep anguish, resentment and abhorrence against the atrocities of the Chinese and their persistent attitude of antagonism towards India", it added.

The duo opined that a firm resolve by all sections of the economy and people of India is required and the trading community has taken the initiative on its shoulders coupled with a diagonal change in purchasing behaviour of the consumers of India which now prefers Indian goods in place of chinese goods and that lays the strong foundation of our campaign " Bhaartiya Saamaan-Hamara Abhiman".

CAIT has decided to boycott Chinese Goods in a phased manner and for the first phase it has earmarked "finished goods" from an identified list of about 450 broad categories of products which nearly has more than 3,000 products and those products are already been manufactured in India.

In the meantime, it will be pursuing the government to draw a comprehensive strategy to facilitate Indian Industry, small industry, entrepreneurs, startups and others to evolve and manufacture goods in India pertaining to raw material, spare parts and technology driven goods, which are currently being imported from China.

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