Mon, 06 May 2013 07:34:15 GMT

Traders down shutters



Chennai, May 5 (PTI) Majority of traders today downed shutters in Tamil Nadu and participated in the 30th Trader''s Day conducted by the trade bodies.

Tamil Nadu Federation of Traders'' Association and Confederation of All India Traders, representing the traders'' community, conducted meetings in Chennai and its suburbs, sources said.

Several resolutions were passed in the meeting, which was attended by Tamil Nadu Minister for Commercial Taxes and Registration, B V Ramanaa, Labour Minister T Chellapandian and MDMK Chief Vaiko.

Some of the resolutions were against Kudankulam Nuclear Power Plant and Madras Atomic Power Station, FDI in multi-brand retail, closure of Sterlite copper smelting plant in Tuticorin for violating pollution norms, they added.

"We will not allow FDI in multi-brand retail in Tamil Nadu at any cost," CAIT Vice-President A M Vikkramaraja said.

"Economic growth of the country will take a back seat if you allow FDI in multi-brand retail. Our agricultural prospects will get eroded away...," he told reporters.

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