Modi slams Centre over FDI in retail

Friday

Vivekanand yatra Says move will hit small-time traders, lead to massive job losses

Chief Minister Narendra Modi today came down heavily on Prime Minister Manmohan Singh over the Centre's decision to allow 51 per cent foreign direct investment (FDI) in multi-brand retail.

Addressing a public meeting as part of his Swami Vivekanand Yuva Vikas Yatra, Modi said the move would affect small-time traders and lead to massive job losses.

"I don't know what the Prime Minister is doing... I want to tell Prime Minister Dr Manmohan Singh that with this decision, small-time traders, labours and manufacturers will die. The well-developed small-scale industries will also shut down," he said in Kamrej.

"Cheap goods produced elsewhere will be dumped in India and it will affect the manufacturing sector of the country as manufacturers of small items will find it difficult to survive," Modi added.

He further said that the entry of multi-brand retailers "will bring along starvation and unemployment to our country".

Speaking in Navsari earlier in the day, the CM attacked Congress president Sonia Gandhi on the diesel price hike. "I have announced waiver on loan interest and relaxation on power bills for farmers of Gujarat, and see Sonia Gandhi has raised diesel prices and even restricted the number of LPG cylinders," he said.

Modi added that the restriction on the supply of gas cylinders would result in its "black marketing". "A small family in India needs two gas bottles in a month for cooking and after the step taken by Sonia Gandhi, they will have to face extra burden of Rs 800 to Rs 1,000."

He said the hike in diesel prices would affect the farmers directly "as they use motors to fetch water from storages and tunnels for irrigation".

At Bardoli, he said, during the last general elections, the Congress had promised that if it came to power, the party would control inflation within hundred days. "But you (Congress) indulged in corruption and pushed the country into a ditch."

... contd.

Please read our terms of use before posting comments
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
comments powered by Disqus