Leaders No to FDI in multi-brand retail trade
Samajwadi Party, Left
parties and JD(S) shot off a joint letter to Prime Minister Manmohan
Singh on Sunday asking the government not to open up retail trade to
Foreign Direct Investment (FDI) any further.
"We
urge the government not to open up the retail trade to FDI any further.
Political parties across the spectrum are opposed to this move. Many
state governments have also stated their opposition," said the letter
sent by these parties to the Prime Minister.
"In the absence of a wide-ranging consensus, we request you not to proceed with this decision," it said.
The
letter was signed by Mulayam Singh Yadav (Samajwadi Party), Prakash
Karat (CPI-M), S Sudhakar Reddy (CPI), Danish Ali (JD-S), Debabrata
Biswas (Forward Block) and Abani Roy (RSP).
The
government had allowed FDI in single brand retailing but had suspended
the decision to allow such investment in multi-brand retailing due to
opposition from several parties including UPA allies.
Among the signatories of this letter, SP and JD(S) support the government from outside.
The
joint letter said that reports were appearing that the Government of
India was going to revive the decision to allow FDI in multi-brand
retail trade.
The
letter argued that the retail sector was the second largest employer in
the country after agriculture, employing over four crore persons.
"Most
of these are small unorganised or self-employed retailers. Entry of MNC
supermarket and hypermarket chains would cause severe displacement of
these small and unorganised shopkeepers and traders. The entry of the
giant Wal-Mart supermarket chain would have a disastrous impact," the
letter said.
The
parties also said that the employment growth had slowed down according
to the National Sample Survey data of 2009-10 and the entry of foreign
supermarkets would further aggravate the employment situation.
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