FxWirePro: Sterling Looks Weaker On Gloomy Economic & Geopolitical Surface – Deploy ‘Debit Call Spreads’ To Hedge
Indian trade body demands 'country of origin' info to identify boycotted Chinese goods
The Confederation of All India Traders (CAIT) wants every e-commerce portal to mention 'country of origin' on each product being sold so that Indian buyers can avoid Chinese goods.
According to the CAIT, which has launched a campaign for a boycott of Chinese goods, consumers remain unaware that some e-commerce portals are selling Chinese products.
Thus, it urged Commerce and Industry Minister Piyush Goyal to make such rule mandatory so that consumers can make an informed decision.
CAIT Secretary General Praveen Khandelwal had asked Goyal to amend the requirements for FDI backed e-commerce companies and the framing of a general rule for Indian e-commerce firms.
The trader's body also asked the chief ministers of all states and political parties to support the campaign to boycott Chinese products.
The CAIT likewise demanded that the Board of Cricket Control of India to withdraw the sponsorship of Vivo and any other Chinese firm and had urged the Indian Olympic Association (IOA) to cancel the sponsorship of Chinese companies.