FDI IN RETAIL: CAIT complimented government to uphold Indian values!


New Delhi, November 22, 2012: Congratulating the Government for its unusual love and affection of the government towards the global retailers to fulfill the commandments of our ancient tradition of “Atithi Devo Bhavah” (Guest is like God), at the cost of not following the democratic process, misleading the nation by quoting incorrect facts and figures, major deviations in FDI policy laid down in the Parliament or even committing legislative flaws, Praveen Khandelwal, Secretary General of the Confederation of All India Traders (CAIT) said, “We would certainly like to accord a “civic reception” to felicitate the government for keeping alive the traditional Indian values.

He was speaking at a seminar held here today on FDI in Retail organised by Khudra FDI Virodhi Rashtriya Morcha (KFVRM).

In a unanimous resolution adopted at the seminar, the KFVRM publically invited Commerce Minister Anand Sharma to accept the invitation of civic reception on behalf of the government as he is the torch bearer of FDI in India. The resolution moved by Khandelwal, was seconded by people present in the seminar with a unanimous voice amidst thunderous applause. The resolution further appreciated the efforts of the government to prove the dictum “ Ghar Foonk-Tamasha Dekh” ( Lit the House and enjoy the fun) into reality by bringing FDI in Retail and lauded its unflinching commitment to implement the policy at any cost. 

The resolution praised the statement of Anand Sharma made couple of days back that “FDI policy is cast in stones and one does not need opposition discourse” strongly reflects the intelligentsia and wisdom of the government though it is something different that the country is facing high time inflation, d-growth in industrial production, devaluation of currency and economic crises. “We will shortly chalk out programme to hold civic receptions all over the country”, said Khandelwal

Further, Khandelwal accused the government for its partisan role in allowing FDI in Retail and while not relying upon the domestic resources, the government has preferred to outsource foreign entities to restructure and develop the retail trade of India. Majority voice of dissent across the Country has been grossly neglected to provide extra ordinary benefits to global retailers. A comparative look between FDI policy papers laid down in Parliament by Commerce Minister Anand Sharma on November 25, 2011 and Notification issued on September 20, 2012 strongly corroborates the above observations, he added.

The Khudra FDI Virodhi Rashtriya Morcha (KFVRM), is a front against FDI in retail comprising of organisations of farmers, traders, consumers, hawkers, small industries, transporters, economists and retail experts.


Thursday, November 22, 2012