New Delhi: Nearly 10 thousand trade federations and associations would participate in the nation-wide bandh on September 20, protesting against 51 percent foreign direct investment (FDI) in multi-brand retail, the Confederation of All India Traders (CAIT) said on Sunday.

"The Bharat Vyapar Bandh called protest against FDI in Retail has evoked good response from all over the country. Nearly 10 thousand Trade Federations and Associations are expected to participate in the Bharat Vyapar Bandh," CAIT said in a statement.

On Saturday, CAIT Secretary General Praveen Khandelwal had said, "We want the government to roll-back its decision to implement FDI in multi-brand retail as it would adversely impact the traders."

The Cabinet had on September 14, decided to operationalise 51 percent FDI in multi-brand retail but left it to the state governments to allow setting up of such stores.

In November last year, the government had put on hold the decision on 51 percent FDI in multi-brand due to political opposition, including from UPA constituent Trinamool Congress.


Latest News from Business News Desk