Sharma asks BJP to embrace FDI in retail

Union Commerce Minister Anand Sharma on Sunday appealed to BJP to stop protesting against FDI in retail saying the policy will not only generate more job opportunities but also protect the interest of small traders. "FDI will bring in more employment...I ask Modi and BJP why are they protesting against it?," he said at a party rally at Gandhinagar ahead of the Assembly elections next month.

Dispelling the perception that FDI spells doom for small traders, he said, "When McDonald and Pizza Hut came then also they (opposition) protested saying business would go... but they also flourished...Nathu sweets, Bikaner shops have flourished and expanded." Sharma said the Centre is discussing the issue of FDI with 10 states having large produce like Maharashtra, Haryana and Rajasthan.

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