CPM activists protest against Wal-Mart officials' visit
Activists of the Left party, a key ally of the UPA coalition, were seen carrying placards with slogans "Wal-Mart go back" and "No FDI in retail".
By PTI |
NEW DELHI: CPM activists today protested against the visit of top Wal-Mart officials who arrived in India this morning to discuss their retail venture with Bharti Group.
Activists of the Left party, a key ally of the UPA coalition, were seen carrying placards with slogans "Wal-Mart go back" and "No FDI in retail".
Wal-Mart's vice-chairman and head of international operations Michael Duke is in the country to discuss business plans with Bharti and is likely to meet government officials.
Bharti had recently announced its plans to invest up to 2.5 billion dollars till 2015 in the retail venture. While the Indian company would manage the front-end retail stores, the US giant would take care of the back-end operations such as logistics and supply chain.
The country does not permit foreign direct investment in multi-brand retail and Left parties have been opposing the move to liberalise the sector for entry of global players such as Wal-Mart, Tesco and Carrefour.
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