Advani opposes FDI in retail

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  • reni_shin2
    • Aug 2007
    • 9595

    Advani opposes FDI in retail

    Advani opposes FDI in retail
    Senior BJP leader LK Advani on Saturday accused the Government of creating political uncertainty by its actions like FDI in retail and said his party cannot ignore the huge constituency of millions of retailers.

    Maintaining that his party has always opposed FDI in retail, Advani, while addressing the HT Leadership Summit, said that the Opposition was saddened by the paralysis of Parliament but they were surprised by the timing of the Government's decision.

    "I see no reason why Government decided this (FDI) knowing fully well that a large section of people will get affected. To give an impression that FDI in retail will solve all problems like inflation, price rise, unemployment. whosoever is saying this is fooling people that FDI will get millions of jobs. It cannot happen," he said.

    "A huge number of people will be displaced from jobs. The Bharat Bandh this week was successful as never before this time," he said.

    With Congress pointing to the PM's resolve to push through the decision as he did with regard to Indo-US deal, Advani asked Singh on how many new nuclear plants work has begun in the past three years and how much nuclear power will be generated on a reasonable basis in the next ten years?

    "Similar tall claims were made three years ago at the time of the Indo-US nuclear dea. It will solve the problem of India's acute power shortage, Government leaders said in Parliament.

    Asked in a question-answer session why the BJP was has changed its stand on FDI after promising 26 per cent FDI in retail in 2004 general elections, Advani said the BJP had always opposed the entry of FDI in retail and that he did not remember how the issue of allowing FDI came up in the NDA document.

    "There could have been some sections...," he said apparently suggesting that some alliance partners could have been behind it.
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