The National Traders Conclave 2018 organized in New Delhi

The National Traders Conclave 2018 has been organized by Confederation of All India Traders (CAIT) in New Delhi from July 23 to 25 to address various grievances of the trading community and focus on effective solutions. A speaker of CAIT informed that among the rising problems in trades in recent times, FDI in both multi and single-brand retail and merger of Walmart and Flipkart are posing huge challenges on Indian Market. Regarding to this issue, CAIT demanded that the Centre stop the Walmart-Flipkart deal saying it would encourage predatory pricing and benefit only investors and promoters. The conclave, which is being attended by 1,500 trade leaders, had decided to launch a nationwide movement against the deal. The traders’ union also demanded that the government form a policy for e-commerce and constitute a regulatory authority for such businesses. The headquarters of CAIT is located in New Delhi.