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CAIT to collect data on Indian traders, their employees

30 Jan '20
1 min read
Pic: Shutterstock
Pic: Shutterstock

On the pattern of the National Population Register, the Confederation of All India Traders (CAIT) will prepare a data of traders and their employees engaged in business activities in all states and union territories across India to better address the basic problems of trading community with the government so that traders can seek formulation of better policies.

CAIT has decided to launch this campaign on the suggestion of minister for commerce and industry Piyush Goyal, according to a press release from the organisation.

There are about 7 crore small businesses in the country, employing 45 crore people and generating an annual turnover of about 45 lakh crore rupees, CAIT national president BC Bhartia and secretary general Praveen Khandelwal said quoting a survey by the National Sample Survey Office (NSSO).

It is a matter of regret that so far no government has taken any step to prepare data for such an important sector of the country, they said.

Once the data is collected, CAIT will strongly demand formation of a separate ministry for internal trade and will raise other issues of the traders.

ALCHEMPro News Desk (DS)

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