Traders Protest Today Against Flipkart-Walmart Deal; 10 Lakh Merchants to Hold Demonstration Across The Country
The strike has been called by several trade bodies including CAIT- The Confederation of All India Traders. The strike will hit business adversely and affect trade in the national capital as well as in cities across India.
New Delhi, July 2: Consumers across the country will have to face inconvenience as 10 lakh traders have threatened protests on Monday to oppose the acquisition of Flipkart by US retail giant Walmart, said the CAIT- The Confederation of All India Traders.
Confederation of All India Traders (CAIT) Secretary General, Praveen Khandelwal, was quoted saying by the Economic Times that the e-commerce market place has been vitiated to a great extent in past years by several leading e-commerce companies by indulging into all kinds of malpractices including predatory pricing, deep discounting and loss funding.
The strike has been called by several trade bodies including CAIT- The Confederation of All India Traders. The strike will hit business adversely and affect trade in the national capital as well as in cities across India.
Khandelwal also said that "we expect government to intervene and take suitable action in accordance with various announcements of Prime Minister Narendra Modi to uplift small businesses in the country. This deal will directly affect small traders of the country who will not be able to compete with Walmart," he added.
Meanwhile, Delhi Traders have also been protesting the sealing drive and a two-day bandh had been called by traders and businessmen in the national capital in February to protest against sealing drive by the Confederation of All India Traders (CAIT).
(The above story first appeared on LatestLY on Jul 02, 2018 10:01 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).