Traders Protest Nationwide Against Walmart Flipkart Buy Now

Merchants and merchants affiliated with a local trade group began today sit-in events Against Walmart Inc. The Confederation of Indian Traders (CAIT) claims that the US giant's takeover of the Bangalore-based Flipkart will create a monopoly on the retail market and drive fashionable stores. business.

CAIT Secretary General Praveen Khandelwal told Reuters that he was expecting a million people to join the sit-in protests of today. in hundreds of cities, including Mumbai and the cities of Gujarat, state of Prime Minister Narendra Modi. And if the government does not listen, we will decide our future action at our national convention in Delhi later this month, "said Mr. Khandelwal

. According to a Reuters witness, the CAIT is based and attracted around 50 traders and traders before noon (0630 GMT).

Satinder Wadhwa, a watch salesman attending the Delhi protest, said that a Flipkart would be a major threat. to small businesses like his own, which were already suffering from the prohibition of high value tickets in December 2016 as well as a national sales tax introduced a year ago.

In Guwahati, about 300 traders gathered to protest the Walmart-Flipkart affair. They also demanded simplification of the national sales tax, said Rupam Goswami, vice president of CAIT.

Walmart, based in Bentonville, Arkansas, announced in May that it has bought about 77% of Flipkart.

Multiple sources and lawyers close to the deal previously told Reuters that while India's Competition Commission would consider all the arguments, the CAIT has not contested the # 39; s acquisition.

Walmart, which currently operates 21 cash-and-carry stores in India, said Monday that it supports local manufacturing in the country by sourcing it from small and medium-sized suppliers, farmers and farmers. enterprises run by women.

"Our Partnership with Flipkart Thousands of local suppliers and manufacturers have access to consumers through the market model," said Rajneesh Kumar, vice president of Walmart India, in a statement

.Sankalp Phartiyal and Sai Sachin Ravikumar, edited by Sanjeev Miglani and Muralikumar Anantharaman)

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