Newdelhi:26/10/17:The Prime Minister, Shri Narendra Modi inaugurated the two days International Conference on Consumer Protection for East, South, South East and Asian Nations on the theme “Empowering Consumers in New Markets” in New Delhi, today. The Prime Minister in his inaugural speech congratulated the Department of Consumer Affairs for holding this important event and mentioned that East, South and South East Asian countries have a shared heritage. These nations have long history of trade. This in itself paves way for mutual cooperation in the area of consumer protection. Shri Modi said that it is the consumer that helps markets grow and trade expand. The Prime Minister thanked the delegates from countries and UNCTAD for associating with India in holding this conference. He drew attention of the gathering to the traditions and laws of ancient India as old as 2500 years and Vedic period, when laws existed for preventing unfair trade practices, abuses and adulteration of products.
Shri Modi said, in India, Consumer is considered as God in trade premises. ‘Grahak Devo Bhava’ is the dictum for consumer satisfaction. While mentioning the unique nature of CP Act 1986, He mentioned the new Consumer Protection Bill which is on the top priority of the Government. The Prime minister mentioned several important efforts taken by his government across various sectors like Housing, Energy, Standards, Healthcare, pharmaceuticals and medical devices and procedures that has resulted in financial benefits to consumers.
He drew attention to demonetization and the GST regime that introduced a new business culture which will ultimately bring down prices for consumers. Redressal system that is efficient is the corner stone of democracy, he asserted.