Traders Body Sends Letter to FM Seeking Probe into Chinese Investments in Start-Ups


Source: indianweb2.com

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0 Since last year, Indian traders’s body – Confederation of All India Traders (CAIT), has been firmly opposing the e-commerce giants like Amazon and Flipkart, and also in August last year, CAIT asked to boycott Chinese goods along with demand of 500% import duty on Chinese goods, to help small traders in India. Now in a latest, on Tuesday, CAIT has sent a letter to Finance Minister Nirmala Sithraman, IT and Telecom Minister Ravi Shankar Prasad and Commerce Minister Piyush Goyal seeking a thorough evaluation of Chinese investment in Indian companies. The traders body highlighted that investment in Indian start-ups...