BJP, traders criticise 51% FDI in retail
The Delhi unit of BJP and the trader’s associations in the city slammed the Central government for allowing 51 per cent FDI in retail sector. Leader of the Opposition in Delhi Assembly Prof. V.K. Malhotra lashed out at the Centre for pandering to the interest of multinational companies saying the move will hitting the small business very hard.
“The eminent economist who is leading the UPA government should know what is happening in Europe. Following the free economy policies has resulted in a Greek tragedy. The Prime Minister should know the reality of the Indian market and how it functions. The small businessman, who is the backbone of our economy, will be broken if the multinational companies are not checked,” he said.
The traders association of Delhi also slammed the government for taking such a step without doing a proper survey on small businessmen.
“If it is true, then it is really very unfortunate. This decision of the government to allow 51 per cent FDI in the retail sector will bring mass inflation, unemployment and it will also affect the transport sector and the common man. We will raise this issue in the upcoming elections,” said Confederation of All India Traders (CAIT) secretary-general Praveen Khandelwal.
The retail shop owners of city’s prominent markets are worried from this move of the government.
“The government should think about the small shopkeepers. If such big companies will come as competitor in front of us then how will we survive? No buyers will come to the local markets where the small shopkeepers do business,” said Sarojini Nagar Market Association president Ashok Randhawa.
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