Saturday, September 15, 2012

Chautala Not to Allow FDI in Retail Sector in Haryana If Voted to Power

Chandigarh (I-Haryana News): Indian National LokDal chief and Leader of opposition, Mr. Om Prakash Chautala has categorically opposed the Centre Cabinet decision to allow Foreign Direct Investment in retail sector.

The strong worded statement on FDI in Retail sector has come during a press conference held at his official residence in Chandigarh on Saturday, where he categorically announced that if his party voted to power, would not allow FDI in retail sector in Haryana and if allowed by present congress government would withdraw as a first step, while coming to power.

Mr. Chautala furthered alleged that Hooda Government is only serving the interests of rich and forget to look after the poor, farmers and traders who had voted congress but now feeling cheated because of continuous series of scams of several crores , prices rising of essential commodities including diesel and LPG.

The FDI in retail sector would make small traders and their support teams’ persons unemployed resulted into unrest in society and will offer over Rs 30000 lakh crores India’s retail market to MNC like Wall Mart.


Dinesh Singh Rawat Says:

FDI in Retail is a serious issue should be allowed only after wide range of deliberations and not to divert public and media attention from  big scams.

The act by Congress government would surrender country interest in long term and may have some linkage with US presidential elections as unemployment and slow economic growth are the main issue there to debate during coming elections. 

2 comments:

Sam said...

The Union Government made a major policy announcement permitting Foreign Direct Investment (FDI) in its retail sector. The lucrative Indian retail market, currently dominated by domestic players will now be open to investment from foreign players, who have been eyeing the burgeoning Indian retail sector for some time now. Know more about it http://www.indian-economy.ibef.org/India-opens-up-its-retail-sector-to-foreign-investment.aspx

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