Confederation of All India Traders (CAIT) calls for boycott of Chinese goods
IST
At present, India imports about Rs 5.25 lakh crore, i.e. $ 70 billion, worth of goods annually from China.
New Delhi: Condemning China’s military aggression along the Line of Actual Control in Eastern Ladakh, the Confederation of All India Traders (CAIT) called for boycott of Chinese goods, listing 450 imported items.
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The development comes as the India-China faceoff in Galwan Valley in Ladakh turned violent on Monday, leading to multiple casualties on both sides.
The CAIT said that the objective is to reduce import of Chinese finished goods by $13 billion or about Rs 1 lakh crore by December 2021.
At present, India imports about Rs 5.25 lakh crore, i.e. $ 70 billion, worth of goods annually from China.
“In the first phase, CAIT has selected more than 500 broad categories of items which include more than 3,000 items which are made indigenously in India also, but succumbing to the temptation of cheap items, these were being imported from China until now,” CAIT said in a statement.
“Manufacturing of these items does not require any sophisticated technology and even if they do, India is well equipped and therefore the goods manufactured in India can be used very easily in place of the Chinese goods which will reduce India’s dependence on China for these goods,” it added.
