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CAIT aims to dent China's Rs 4,000 cr biz with 'Hindustani Rakhi'

CAIT would also hand over more than 5,000 rakhis to Defence Minister Rajnath Singh to be further sent to soldiers guarding the country's borders

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The CAIT said that according to an estimate a trade of Rs 6,000 crore takes place every year in India on Raksha Bandhan in which China alone contributes about Rs 4,000 crore. Photo: wikimedia.org

Press Trust of India Noida (UP)

3 min read Last Updated : Jul 13 2020 | 8:34 PM IST

Traders' body CAIT, which has called for the boycott of Chinese products, on Monday said it has resolved for a "Hindustani rakhi" next month and dent China's estimated Rs 4,000 crore of trade during the festival.

The Confederation of All India Traders (CAIT) would also hand over more than 5,000 rakhis to Defence Minister Rajnath Singh to be further sent to soldiers guarding the country's borders.

The CAIT, which has 40,000 trade associations and seven crore members across India as its members,has resolved for a "purely Hindustani Rakhi festival" on August 3 and dent China's estimated Rs 4,000 crore trade

Topics : CAIT India china trade Chinese goods boycott

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