The All India traders’ body Wednesday wrote to Reliance Industries Chairman Mukesh Ambani and 50 other industrialists seeking their support for a movement to boycott Chinese goods.
“CAIT has invited the group of industrialists led by Mr Ambani to join the movement as a valued partner and sought their support for such mass movement which has the making of a game-changing initiative that has the potential to reshape India’s journey as a global superpower by reducing China’s dominance,” the Confederation of All India Traders (CAIT), a representative body of India’s over 6 crore merchants wrote in the letter.
India imports four categories of products from China -- finished goods, raw material, spare parts for the assembly of goods in India and technology-driven products. CAIT has decided to boycott Chinese goods in a phased manner. For the first phase, it has earmarked "finished goods" from an identified list of about 450 broad categories of products, which nearly has more than 3,000 products and those products are already been manufactured in India.
Besides Ambani, the Confederation of All India Traders (CAIT) has sought support from Ratan Tata, N R Narayana Murthy, Azim Premji, Gautam Adani, Adi Godrej, Ajay Piramal, Kumar Mangalam Birla, Vikram Kirloskar, Sunil Bharti Mittal, Rahul Bajaj, Anand Mahendra, Shiv Nadar, Pallonji Mistry, Uday Kotak, Nusli Wadia, Shashi Ruia among others.