Trade bandh against Walmart Flipkart deal today

Nagpur: Trade associations under the aegis of Confederation of All India Traders (CAIT) will be going on a daylong strike on Friday against the Walmart-Flipkart deal. With Walmart taking 77% stake in the latter, associations representing domestic retail traders have dubbed it a move facilitating FDI through back door in the sector. Swadeshi Jagran Manch, a part of the Sangh Parivar, has also backed the strike.

CAIT, which began over five years ago as an organization representing small traders, expects massive support across the country for the strike. In Nagpur, the Nag Vidarbha Chamber of Commerce (NVCC), which is an umbrella organization of various trade bodies, has declared its support to the strike.

Sanjay Agrawal of NVCC said even as so far trade strikes have been largely supported by wholesalers, they are expecting major participation of small vendors too. The petroleum dealers association also has expressed solidarity, and petrol pumps in the city will be closed from 12 noon till 4pm.

BC Bhartia, a chartered accountant from the city and national president of CAIT, said over 40,000 trade bodies across the country have been contacted seeking their support.

CAIT has always been opposing presence of foreign players in the retail sector. FDI in retail e-commerce is allowed subject to certain conditions. The foreign players can only provide a trading platform and not sell their own products.

CAIT has already filed complaints against e-commerce giant Amazon for flouting the norms by getting engaged in direct sales rather than purely providing a platform. CAIT last month moved the National Company Law Appellate Tribunal (NCLAT) against the Competition Commission of India’s (CCI) approval to the Walmart-Flipkart deal.

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