The Confederation of All India Traders (CAIT) has called for a nation-wide bandh on September 20,to protest against government’s decision to operationalise 51 per cent foreign direct investment in multi-brand retail.
“The CAIT and Bharat Udyog Vyapar Mandal have called for a Bharat Trade Bandh on September 20,in which majority of traders across the country would participate,” CAIT Secretary General Praveen Khandelwal said here today.
All shops will remain shut for a day,besides traders will also formulate their future strategy to protest against the government’s move,he added.
Khandelwal said: “We want the government to roll-back its decision to implement FDI in multi-brand retail as it would adversely impact the traders.”
The Cabinet,yesterday,decided to operationalise 51 per cent FDI in multi-brand retail but left it to the state governments to allow setting up of such stores.
In November last year,the government had approved 51 per cent FDI in multi-brand. This was,however,put on hold due to political opposition,including from UPA constituent Trinamool Congress.
Further,the CAIT said it has also appealled to various political parties to extend their support to Bharat Trade Bandh call.
“Traders will also meet chief ministers of various states to garner their support for the movement,” Khandelwal said.
Further,he said,the government even did not consult the traders and other stakeholders of the retail trade before announcing its decision to liberalise the retail sector.
Traders and opposition parties had said allowing foreign retailers like Walmart,Tesco and Carrefour in multi-brand retail in India would lead to loss of jobs for lakhs of people.
The confederation claimed it has a membership of over five crore traders across India.