Tensions between two largest countries of Asia have been brewing since the clash at Galwan Valley. It is this growing tensions between the two nations that India has decided to boycott Chinese products. In the lieu of the same, local Rakhis will glitter the market this Rakshabandhan as traders pledged to boycott Chinese products.
After clash with China at the Galwan Valley, India has decided to take every necessary step to engage local products in the nation. Traders have explored local options to assemble and decorate rakhis, completely halting supplies from China that until last year supplied most raw material for decoration and fancy cartoon designed rakhi’s.
Indore is a big trade centre of Madhya Pradesh that supplies products to most cities and rural areas of the state. Mostly music and cartoon designed rakhis, decorating items such as beads, shining threads and fancy rakhis were usually imported from China until past years but the trend has changed now. Neither customers nor traders want to deal in any Chinese items and hence the sellers are getting everything produced locally with the help of country labourers.
Kolkata, Delhi, Mumbai and Ahmedabad are major trading centres to get supplies of rakhi. There are close to 50 shops dealing in rakhi’s at Ranipura. No orders have been placed to China and everything is Indian made. Fancy items, especially beads were called from China earlier but this year everything is locally made.
Local resources are also very competitive but lockdown has hit the supply chain and sentiments of customers that may hit business this season. Traders stated that usually production and stocking of inventories start from March but due to COVID19 induced lockdown, production and transportation have taken a big hit.
Many traders said the business this season looks down by over 50 per cent because customers are still afraid of coming out and traders are also not able to operate in a full-fledged manner.