FDI in retail: TN government not to implement it, says Jaya

Follow us:WhatsappFacebookTwitterTelegram.cls-1{fill:#4d4d4d;}.cls-2{fill:#fff;}Google NewsSlamming the UPA-led government atthe Centre for taking the 'unfortunate decision' of allowing51 per cent FDI in multibrand retail,Tamil Nadu Chief MinisterJayalalithaa today said her government would never implementit in the state. "I understand that the states will be allowed to decidewhether they want to opt for it or not. I think there is goingto be a lot of confusion as well as administrative problems indealing with this issue, which will only fuel uncertainty,thereby crippling the growth of our economy further,"she said. Jayalalithaa said she therefore would like to register her'unequivocal opposition' to the Centre's decision and demandedthat it be withdrawn immediately. "Further, my Government willnever allow FDI in retail trade in Tamil Nadu," she said in anofficial statement here. She described as 'shocking' the Centre?s decision okayingthe proposal both in multi-brand retailing and aviation,sayingthe concerns of state governments and other stakeholders hadbeen ignored, "which shows the utter disregard for thesensitivity of the issue and panic in the UPA Government." "This decision is totally undemocratic and against publicinterest. The UPA Government has been making blunder afterblunder by adopting many anti-people policies and this latestdecision will only add up to one more such serious blundercommitted by the Central Government, which seems to be totallyunmindful of the interests of the common people," she said. Holding that the announcement came a day after Governmentgave a 'rude shock' to people by increasing diesel prices, shesaid it had dealt yet "another blow to the common man. The announcement would only increase woes of the people andlocal traders,she said while recalling her earlier opposition."This is an ill-advised move and I reiterate my opposition tothis unfortunate and untimely decision," she said. Jayalalithaa said the UPA government was always in thehabit of diverting people's attention from the main issues byconfusing them with such policies. "As I have earlier stated,FDI in retail is neither going to bring down the prices norwill it improve the investment climate." "It will only promote growth of large monsters in the nameof MNCs, which will destroy the small and marginal traders andexploit consumers through their predatory pricing as hasalready happened in many countries all over the world in thepast," she said.first published:January 01, 1970, 05:30 ISTlast updated:January 01, 1970, 05:30 IST
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