Industry bodies against boycotting Chinese products

Industry bodies against boycotting Chinese products

By Kundan Jha | New Delhi | 22 July, 2017
Chinese products, CAIT, FAOTA, India, boycotting , B.K. Mohanty
Most industry bodies have stated that boycotting Chinese goods “without any economic logic” is going to be detrimental for a developing economy like India as Chinese products, due to their cheap pricing, has penetrated virtually every market.

Most industry bodies have stated that boycotting Chinese goods “without any economic logic” is going to be detrimental for a developing economy like India as Chinese products, due to their cheap pricing, has penetrated virtually every market. “Any such ban will damage Indian traders as their warehouses are full with Chinese goods. I think traders should not care about the hoax messages going around in WhatsApp,” an official with the Confederation of All India Traders (CAIT), a leading advocate for small traders and businesses in India, said. In view of the ongoing stand-off between Indian and Chinese troops in the Sikkim sector, a section of traders across the country have launched a social media campaign to boycott Chinese goods. However, the Federation of All Odisha Traders’ Associations (FAOTA) urged the public to boycott Chinese products. “China is earning huge profits by selling its products in our market. Therefore, we are giving a call to shut all business establishments which sell Chinese products for one day in Odisha. We will also make people aware about the evil designs of Chinese trade expansion,” B.K. Mohanty, FAOTA secretary said. Asked about the proposed one-day bandh, Mohanty said the exact date to observe the bandh will be announced at a general council meeting of FAOTA in the last week of July in Bhubaneswar. “China’s economy is mostly dependent on the Indian market. We should unite to teach a lesson to the neighbouring country,” he said.However, several traders in Delhi have opposed the FAOTA’s bandh call, saying that India has a huge market for cheap Chinese goods

 

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