Indian truckers’ strike hits Amazon deliveries, commodity trade

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A truckersO) and Snapdeal, hurt cotton trade in the world The strike began on July 20 just days after Amazon and home-grown Flipkart, which is being acquired by U.S. retail giant Walmart, concluded their annual sale. The All India Motor Transport Congress (AIMTC), the body which has organized the strike, is demanding a cut in federal and state levies on diesel by bringing the fuel under the scope of the nationwide Goods and Service Tax. IndiaT) among its investors, said the slowdown of long-haul transportation had hit some of its deliveries in northern and western India. Commodities trade in India has also been hit. Cotton ginning factories are on the verge of closure because of the lack of raw material, said Atul Ganatra, president of Cotton Association of India. China, Bangladesh, Vietnam and Pakistan are the main buyers of Indian cotton. Supply of vegetables like onions and potatoes has also fallen in big cities including financial capital Mumbai and national capital Delhi. Some vegetables such as potatoes have become costlier, but the rise is modest for now as traders have leftover stock, said a Mumbai-based trader. If the strike continues for a few more days, then prices will rise sharply, Potato prices in Delhi have risen 29 percent in a week, according to data compiled by the National Horticulture Research and Development Foundation.