The traders are protesting over the upcoming Penang Global Indian Festival 2013 being organised by a city-based events management company, holding fly-by-night foreign traders there responsible for their economic woes.
Malaysian Indian Textiles and General Stores Association (Mita), secretary R Maheswary said the protest was held to send a strong statement to the authorities to clamp down on the foreign traders.
Besides grocery stores, textile shops, goldsmiths, newspaper vendors, restaurants, vegetable sellers and florists also pulled down their shutters.
"Some small shops have been forced to close and the bigger ones are on the verge of bankruptcy," she claimed.
More From This Section
Maheswary said this had been happening for the past five years and revenue had gone down by half.
"During Diwali last year, (traders in) Brickfields suburb in Kuala Lumpur lost 70 per cent of their business due to an exposition," she said.
She said the expos and carnivals were organised by event management companies and initially meant for foreign traders to exhibit their goods to local traders.