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Will reject FDI in retail notification if voted to power in 2014: Sharad Yadav

New Delhi, Sat, 08 Dec 2012 NI Wire

Sharad Yadav, Convener of National Democratic Alliance (NDA) today firmly said that if NDA is voted to power in next general election in 2014, it will reject the current notification of allowing FDI in Retail Trade and a policy will be made to upgrade and modernize the domestic trade of the Country after holding due and proper consultations with all stakeholders of the retail trade of India.

Commenting upon the passing of FDI in Retail in Parliament, Shri Yadav said that though technically the issue has gained majority by the manipulative tactics of the Government but the last verdict on this important issue will be given by 120 crores of people of the Country. The FDI in Retail is nothing but to put a "lock" on the stomach of crores of people of the Country including Farmers, Small Shopkeepers, Hawkers, Street Vendors, Small Industries, Laborers and other sectors of retail trade. The decision taken by the present government under the pressure of global retailers and the domestic corporates will cause major damage to Indian economy and retail trade.

Yadav further said that if NDA is voted to power it will ensure better and due prices to the farmers for their produce, the laborers should get sufficient payment of his labour, Street Vendors should continue their livelihood in a better atmosphere and without any hurdle, the small industries may play a major catalyst role in national economy and the shopkeepers may be able to continue their trade without any bureaucratic hurdles and as such a foolproof policy will be made and before drafting the policy, the stakeholders will be consulted and their issues and suggestions will be given due consideration. The domestic resources will be used to the optimum level to strengthen the retail trade.

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