p> The Traders of the Country have decided to convert themselves into a Vote Bank and in the forthcoming elections of various Assemblies in Year 2013 and Loksabha elections in Year 2014.
On the occasion, CAIT General Secretary Praveen Khandelwal slammed the UPA government for allowing FDI in Retail Trade of India and said that it is nothing but to mortgage the indian retail trade at the hands of global retailers. He also mentioned that NDA, Left Front and several other parties have already made clear that if in Loksabha elections in 2014, they are voted to power, the current notification of allowing FDI in Retail Trade will be rejected.
Criticising the policy of UPA. he said since its policy would shatter the Indian economy besides causing unemployment. He warned that Walmart and other retail giants procure about 80,000 different products manufactured by nearly 6,000 Chinese companies at cheaper rates and sell the same in India at higher prices and ultimately the Indian consumer will be hit hard. He alleged that the country was being pushed into slavery in the name of modernisation.
CAIT National Secretary Ramesh Khanna said that during the two months Retail Democracy Movement the organizations of different retail stakeholders are holding jointly and severally Sampark Yatra for mass awareness.
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