: CAIT launches ‘China Quit India’ to boycott Chinese goods #FinanceIndia #StockMarketNEWS CAIT launches ‘China Quit India’ to boycott Chinese goods New Delhi, Aug 10 (KNN) On the 78th

@StockMarketNEWS Mon 10 Aug, 2020

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CAIT launches ‘China Quit India’ to boycott Chinese goods #FinanceIndia #StockMarketNEWS
CAIT launches ‘China Quit India’ to boycott Chinese goods New Delhi, Aug 10 (KNN) On the 78th anniversary of Quit India Movement, the Confederation of all India Traders (CAIT) has launched a campaign called ‘China Quit India’ to boycott Chinese goods.

Launched on the anniversary of Quit India Movement on Sunday CAITs members held protests across 600 places across the country.

Expressing concerns over Chinese investment in various Indian companies, start-ups and digital apps, CAIT said, There is an urgent need to check China’s growing footsteps in India and import of Chinese goods.

There is a need to take necessary action in this regard, it added.

The traders body further said that Chinese investments in government projects and various sensitive construction works should be put under government scanner.

While releasing the agenda of the ‘China Quit India campaign’, CAIT Secretary General Praveen Khandelwal “urged the central government to carry out an all-round siege of China and its activities in India”.

“Several Chinese companies have made large investments in Indian startups in sizable numbers, all such startups should be asked to exclude Chinese investors and the government should announce a lucrative policy to encourage Indian people to invest in these startups,” he said.

Khandelwal also said that at least for the next three years, the provision of government’s permission for any kind of business and industrial investment by China in India should be implemented immediately.

He further stated that the imports from China should be closely monitored and higher customs or anti-dumping duty should be imposed on the goods that are being dumped or are non-essential imports.