Chamber of Commerce urges traders to support bandh on Sept. 20

Merchants of East and West Godavari districts have called upon all retail businessmen and wholesale merchants to take up serious agitation against the Central government’s decision to allow 51 per cent Foreign Direct Investment (FDI) in retail market.

They described the agitation as second ‘Independence Movement’ with the slogan ‘Quit FDI’ and said that UPA government had welcomed foreign companies against the spirit of ‘Swarajyam’.

Resolution

The meeting called by Rajahmundry Chamber of Commerce and presided over by its president Nandepu Srinivas on Sunday resolved that all the merchants in the State should support the bandh call given by the opposition parties on FDI on September 20.

It also passed another resolution demanding that the State government withdraw its proposal to constitute a regulatory authority to take up inspections on shops of cloth merchants without any notices.

The resolution also added that the government should continue the old policy of giving 14 days prior notice to businessmen before conducting any inspections or raids on cloth stores or godowns. In his presidential address, Mr. Srinivas, said the Central government without consulting any section of businessmen or political party had taken a unilateral decision and opened the doors for FDI, which would affect the small retailer.

He warned that the foreign companies would first attract customers with low prices and abnormally raise them without the notice of customers. He described the agitation against FDI as another ‘Independence movement’ as foreign companies were coming to India like the East India Company of the British.

Bommana Raj Kumar, president of Cloth Merchants Association, asked all the merchants to burn the membership cards given by Walmart, which is a foreign company that issued these cards to attract merchants first and then customers. He said unity among merchants would only solve the problem.

Eluru Chamber of Commerce president Nerella Raja, Dondapati Sankar Rao, Ravulapalem Chamber president Syamsunder Reddy, Palakollu, Bhimavaram and Tuni Chamber presidents also spoke at the meeting.


  • ‘Centre has taken decision without consulting any section of businessmen or political party’

  • Traders describe agitation as second ‘Independence Movement’ with slogan ‘Quit FDI’