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Made in India rakhis this year cause China losses worth Rs 4,000 crore ! happy rakshabandhan

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Made-in-India rakhis this year cause China losses worth Rs 4,000 crore; traders campaign to boycott Chinese goods
The 'Hindustani Rakhi' campaign this year turned out to be a success, as it has given a huge blow to China-made rakhis


On the occasion of Rakhi Festival 2020, India has given a huge blow to China-made rakhis causing a massive loss to the tune of Rs 4,000 crores. With this India has broken the myth that it cannot successfully boycott Chinese goods.

On June 10, the Confederation of All India Traders (CAIT) had given a call for celebrating Rakhi as "Hindustani Rakhi" this year which turned out to be a success.

With the cooperation of CAIT around 1 crore, Rakhis were made across the country using Indian goods and made by women working in the commercial sectors, at homes, and in Anganwadis.

A variety of new-designer Rakhis was made from Indian goods, this year not a single rakhi was imported from China.

The National President of CAIT, BC Bhartia, and National General Secretary Praveen Khandelwal said that according to an estimate around 50 crore rakhis are sold every year at about Rs 6000 crores while for the past many years around Rs 4000 crore worth China-made Rakhis or products were being imported.

Talking about the next step to boycott Chinese goods, Bhartia and Khandelwal said that on August 9, traders from all over the country will start the "China Quit India" campaign.

On this day, traders will gather at more than 800 locations across the country and shout the slogan of 'China Quit India'.

On the other hand, after a long wait of 500 years, on the foundation laying ceremony of the Ram temple in Ayodhya on August 5, traders all over the country will light a lamp or clatter bells in their shops and homes.


https://www.dnaindia.com/india/repo...ers-campaign-to-boycott-chinese-goods-2835533

 
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China is a nation that trades in trillions of dollars a year and Indians think their $80 billion bilateral trade with China is somehow too important for China to lose?

China would rather sacrifice trade with Indian instead of surrender Galwan Valley.
 
. . . .
China is a nation that trades in trillions of dollars a year and Indians think their $80 billion bilateral trade with China is somehow too important for China to lose?

China would rather sacrifice trade with Indian instead of surrender Galwan Valley.
LOL These Indians live in a different dimension.
"A journey of a thousand miles begins with a single step"

- Laozi

Ironically, Indians are applying a made-in-China proverb.

- PRTP GWD
 
. .
Indians subjectively do not import Chinese goods
or
India's economic downturn has no money to import Chinese goods
 
.
I read a message that India banned the import of Chinese fertilizer, but lifted the ban a day later.So all fertilizer suppliers realize that India is short of supplies.In the end India's fertiliser purchase price rose by $19 a tonne.Shares of China's fertiliser makers have surged
https://new.qq.com/rain/a/20200803A0O4U700
针对今日尿素期货价格大涨,农化行业人士对中证君表示,目前国内的市场需求比较平淡,上涨主要还是印度出口利好预期驱动。出口的利好,也会对国内市场形成支撑。

多位贸易商对中证君表示,根据7月30日的开标结果,印度此次招标的采购量仍低于8月份所需的150万吨。虽然目前印度方面尚未发布8月10日招标的正式文件,但判断印度大概率将很快再次进行新的招标,印度多次招标无疑将继续引领全球尿素市场涨势。

“这一轮波折后,预计印度每吨采购价格至少要比去年上涨20美元/吨。对于印度这个农业大国,意味着农业种植成本不可避免的上升。同时历经此类印标,显示出了中国农资行业在全球的竞争力和在部分区域市场的难以替代性。受此消息提振,预计今年国内对印度的复合肥、农药的出口前景都将比较乐观。”黄殿富对中证君表示。

In response to today's sharp rise in urea futures prices, agro-chemical industry insiders told ZL that the current domestic market demand is relatively flat, and the rise is mainly driven by the expectation of positive Indian exports.Export of good, will also form a support for the domestic market.


Traders told CZL that, based on bids opened on July 30, India's tender was still below the 1.5m tonnes needed in August.Although India has not yet released official documents for the August 10 auction, it is highly likely that new bids will be launched soon. India's multiple auctions will undoubtedly continue to lead the global urea market rally.


"After this round of setbacks, Indian purchase prices are expected to be at least $20 a tonne higher than last year.For an agricultural country like India, it means the cost of farming will inevitably rise.At the same time, it shows the global competitiveness of China's agricultural materials industry and the difficulty in replacing it in some regional markets.Buoyed by this news, domestic export prospects for India's compound fertilizers and pesticides are expected to be relatively optimistic this year."Huang Dianfu said to the Witness jun.
 
. .
Made-in-India rakhis this year cause China losses worth Rs 4,000 crore; traders campaign to boycott Chinese goods
The 'Hindustani Rakhi' campaign this year turned out to be a success, as it has given a huge blow to China-made rakhis


On the occasion of Rakhi Festival 2020, India has given a huge blow to China-made rakhis causing a massive loss to the tune of Rs 4,000 crores. With this India has broken the myth that it cannot successfully boycott Chinese goods.

On June 10, the Confederation of All India Traders (CAIT) had given a call for celebrating Rakhi as "Hindustani Rakhi" this year which turned out to be a success.

With the cooperation of CAIT around 1 crore, Rakhis were made across the country using Indian goods and made by women working in the commercial sectors, at homes, and in Anganwadis.

A variety of new-designer Rakhis was made from Indian goods, this year not a single rakhi was imported from China.

The National President of CAIT, BC Bhartia, and National General Secretary Praveen Khandelwal said that according to an estimate around 50 crore rakhis are sold every year at about Rs 6000 crores while for the past many years around Rs 4000 crore worth China-made Rakhis or products were being imported.

Talking about the next step to boycott Chinese goods, Bhartia and Khandelwal said that on August 9, traders from all over the country will start the "China Quit India" campaign.

On this day, traders will gather at more than 800 locations across the country and shout the slogan of 'China Quit India'.

On the other hand, after a long wait of 500 years, on the foundation laying ceremony of the Ram temple in Ayodhya on August 5, traders all over the country will light a lamp or clatter bells in their shops and homes.


https://www.dnaindia.com/india/repo...ers-campaign-to-boycott-chinese-goods-2835533


Good show...Indians. But it isn't enough. Please stop using ALL smartphones and your laptops. That will really show them.
 
. . .
4000 crore is what? 40 Billion Indian rupees?
1 $ = 75 Indian rupees
That means 533 million dollars ?
 
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