Business

CAIT launches campaign to boycott Chinese goods

Traders' body CAIT on Wednesday launched a campaign to boycott Chinese goods with an aim to reduce India''s imports of products manufactured in the country by USD 13 billion by December 2021.

migrator

New Delhi

The Confederation of All India Traders (CAIT) has prepared a list of 3,000 items which are currently imported from China and easily replaceable by Indian manufactured goods.

The campaign call by CAIT, which claims to represent 7 crore traders and 40,000 trade associations, comes amid border tensions between India and China.

"The campaign titled ''Indian Goods - Our Pride'' aims to achieve reduction in imports of Chinese manufactured goods by Rs 1 lakh crore (about USD 13 billion) by December 2021," CAIT said.

Addressing a virtual press conference, CAIT Secretary General Praveen Khandelwal said there are four types of imports from China to India -- finished goods, raw materials, spare parts and technology products.

In the first phase, the traders'' body has decided to boycott imports of finished goods from China, he said.

India''s imports from China stand at about USD 70 billion at present.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

Chennai: Gold prices surge by Rs 640, silver drops on March 27, 2026

War in Iran sparks global fertiliser shortage, threatens food prices

Government slashes excise duty on petrol to Rs 3/litre, exempts diesel

Parliament panel calls for preserving British-era heritage sites not under ASI ambit

Study flags dust, noise pollution kicked up by Metro Rail construction