The three day national traders conclave of the Confederation of All India Traders (CAIT) began today at Talkatora Stadium at New Delhi and while holding a marathon debate on contentious issue of allowing FDI in e commerce, the conclave unanimously decided to launch an aggressive nationwide agitation against allowing FDI in e commerce since it will create an uneven level playing field and the businesses of the brick and mortar shops will be transferred to e commerce. The conclave also noted that the policy of the Government is suffered from various loopholes which will be advantageous for the e commerce companies and they will manage to flout the policy in a easy way. About 10 thousand trade leaders from all over the Country are participating in the Conclave which is chaired by Mr. B. C. Bhartia, National President of CAIT. Senior officials from Mastercard, HDFC Bank, Amway, eBay and Cibil also attended the conclave.
Delegates at the Conclave lamented that traders in the Country are being utilsed as “use and throw” commodity and no weightage is given to traders in policy making. Though Prime Minister is emphasising on need of strengthning small businesses but sadly the actions and policies are much against the vision of the Prime Minister. The Government must recongnise the role of trading community in economy and nation building.
The Conclave demanded the Government to roll back FDI in e commerce and empower domestic trade to embrace e commerce technology for which the traders will certainly support the Government.