We will protect shopkeepers against FDI: Prakash Karat
He also pointed out that PM also announced that the govt will wait for the election in five states and again reintroduce the multi-brand FDI policy.
By PTI | Updated:
KOLKATA: Denouncing moves to let 100 percent FDI in single-brand retail, the Communist Party of India-Marxist (CPI-M) Friday vowed to mobilise support to protect lakhs of shopkeepers.
"While the United Progressive Alliance government suspended its policy of allowing 51 percent FDI in multi-brand retail, it increased FDI in single brand retail trade to 100 percent. "It's a backdoor effort to bring FDI in multi-brand retail trade," CPI-M general secretary Prakash Karat said here.
He also pointed out that Prime Minister Manmohan Singh had also announced that the government will wait for the election in five states and again reintroduce the multi-brand FDI policy.
"We want to mobilise the public to stop the govternment from implementing this for multi-trade retail. We will continue to organise the people," he added.
"While the United Progressive Alliance government suspended its policy of allowing 51 percent FDI in multi-brand retail, it increased FDI in single brand retail trade to 100 percent. "It's a backdoor effort to bring FDI in multi-brand retail trade," CPI-M general secretary Prakash Karat said here.
He also pointed out that Prime Minister Manmohan Singh had also announced that the government will wait for the election in five states and again reintroduce the multi-brand FDI policy.
"We want to mobilise the public to stop the govternment from implementing this for multi-trade retail. We will continue to organise the people," he added.
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