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Admin Reporter- Ajay

Nov 09 2018


Diwali sales rise 20% to Rs 30,000 crores: CAT

Mumbai,09,November,2018

 

Mumbai: Confederation of All India Traders (CAT), a leading organization of retail traders, said on Thursday that the sale of Diwali in the whole country has increased by 20 percent to 30,000 crore rupees. Cat's general secretary Praveen Khandelwal said in a statement on Thursday that total sales in the year 2017 were Rs 25,000 crore.

 

 

 

 

 

Khandelwal said, 'During the last 4 years, there was a decline during the sale of Diwali. However, traders did a good job this year compared to last year. In Delhi alone, the sale was above Rs 5,000 crore. He said that FMCG products such as electronics and electrical goods and decoration and gift items such as consumer durable goods and dried fruit, sweet and salted, readymade garments, biscuits, confectionary items etc. are good business. He said that there was an increase in the sales of computer and computer accessories, paint, hardware and kitchen utensils and appliances.

 

 

 

 

 

Khandelwal reiterated that due to the absence of any regulations, extension of e-commerce was causing 'offline' businessmen to suffer and he demanded that regulatory authority be established. He said, "In the absence of proper e-commerce policy, online companies are doing business without any interruption. The government should immediately prepare e-commerce policy and establish a regulatory authority to regulate and monitor them.

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