CAIT comes out in support of Ladakh’s Sonam Wangchuk to boycott Chinese products

By: |
Updated: May 31, 2020 7:13 PM

Amid tensions between India and China, Wangchuk, the man who inspired the Bollywood block-buster '3 Idiots', has appealed and asked Indians to boycott all Chinese companies.

CAIT, Ladakh, Sonam Wangchuk, boycott Chinese products, Ladakh, Indian manufacturers, chinese products, latest news on CAITIn a tweet, engineer-turned-educational reformer asked people to boycott all Chinese products to stop Beijing’s “bullying” in Ladakh and liberate 1.4 billion bonded labourers in the country.  (Source: Sonam Wangchuk/ Youtube)

Trader’s body CAIT on Sunday expressed solidarity with Ladakh-based educational reformer and visionary Sonam Wangchuk’s appeal to boycott Chinese goods. Amid tensions between India and China, Wangchuk, the man who inspired the Bollywood block-buster ‘3 Idiots’, has appealed and asked Indians to boycott all Chinese companies.

In a tweet, engineer-turned-educational reformer asked people to boycott all Chinese products to stop Beijing’s “bullying” in Ladakh and liberate 1.4 billion bonded labourers in the country.

Confederation of All India Traders (CAIT), which claims to represent 7 crore traders, said it has identified about 3,000 categories of heavily imported Chinese products “which must immediately be replaced by Indian products as good quality Indian replacements are available for such products”.

CAIT Secretary General Praveen Khandelwal said it will educate traders across the country to stop importing as well as selling these products, and more products will soon be verified and added to the list.

The trader’s body said, “The whole country understands the importance of hurting China economically and therefore we wholeheartedly welcome this great initiative and will stand shoulder to shoulder with Sonam Wangchuk”.

However, CAIT has also appealed to Indian manufacturers to “get their act together” and gear up to shoulder the responsibility.

“The role of Indian manufacturers is very significant to successfully run this campaign because at no point of time should there be any shortage of products in the market and the consumers of India should not suffer due to such scarcity,” the traders’ body said.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1SBI General Insurance forges bancassurance tie-up with Indian Overseas Bank
2PM Narendra Modi says India needs food processing revolution through PPP mode
3AstraZeneca has sold its stake in Moderna for more than $1 billion: Report