[mpisgmedia] retail FDI

Package cleared to make FDI in retail easier

...In a major step towards deepening economic reforms, the Government has
cleared a comprehensive package of measures to make foreign direct
investment easier and simpler in several key areas...
... The retail sector has been opened up for the first time, with a
decision to allow 51 per cent FDI but with the stipulation that this will
only be for single brand shops...
... these wide-ranging measures to attract FDI have been taken even as Mr.
Nath and Finance Minister P. Chidambaram leave on Tuesday for the annual
World Economic Forum conference at Davos...

http://www.hindu.com/2006/01/26/stories/2006012610090300.htm



Left to fight decision on FDI

... Left parties would launch a major struggle against the UPA Government
decision to allow foreign direct investment in the retail sector...
... We had given a note to the Congress and the Government opposing the
move...
... Mr. Karat said... The Government appears to have taken the decision so
that Prime Minister Manmohan Singh could show to the multinational
companies at the World Economic Forum in Davos that his Government is
committed to economic reform...

http://www.hindu.com/2006/01/26/stories/2006012605761200.htm



BJP's call to oppose FDI in retail trade

... the move by the United Progressive Alliance Government mighty render
up to 25 lakh people unemployed in the Capital itself.
... In a statement, Delhi BJP president Harsh Vardhan called upon the
traders and those connected with the industries to oppose the decision of
the Government to allow FDI in retail because this step would make the
country economically subservient to foreigners.
... Earlier the multi-national companies were trading their products
mainly through franchises in India and as such Indians were getting
employment by working at such outlets ?

http://www.hindu.com/2006/01/27/stories/2006012720210300.htm



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