Wednesday, February 8, 2012


Raising a united voice against FDI in Retail, the leaders of leading organisations of traders, farmers,hawkers, transport have called upon the Central Government to hold wider discussion on report of Parliamentary Standing Committee instead of finding ways and means to substantiate its decision to allow FDI in Retail which has been hold back in view of stiff opposition from all quarters. It is highly deplorable that Union Commerce Minister is finding time to meet officials of MNC's whereas on the other hand the sectors who are contributing magnificiently to national exchequer have been constantly ignored.
In order to initiate a countrywide movement on FDI in Retail, more than 31 leading organisations of different sectors of retail trade are holding a National Convention on" Impact of FDI in Retail on Indian Economy and Trade" on 10th Feburary at New Delhi.

Several Political leaders including Dr. Murli Manohar Joshi, Shri Basudeb Acharya, CPM MP, Shri Guru Das Dasgupta, CPI MP and others will be participating in the Convention whereas several leading economists including Shri Mohan Guruswamy, Prof. Jayati Ghosh, Shri Shekar Swamy, Dr. Vandana Shiva, Prof Sukhpal, Prof. Bhagwati Prakash, Prof.Sukhpal and others will also be addressing the Convention. Prominent Farmer Leaders Mr. Rakseh Tikait, Rishipal Ambawata, Atul Kumar Anjan, Krishan Veer Chaudhary,Ram Pal Jat,Sudhir Panwar,Suchha Singh Gill, Subhash Barala, Om Prakash Dhankhar etc shall also be participating the Convention.

Mr. Praveen Khandelwal, Secretary General of the Confederation of All India Traders (CAIT), Mr. Naresh Sirohi, General Secretary of Kisan Morcha, Mr.Shaktiman Ghosh,General Secretary National Hawkers Federation, Mr. Pradeep Singhal,Working President,All India Motor Transport Congress and Mr. Pradeep Sharma of Swadeshi Jagran Manch in a joint statement today the Government needs to re-look at the policy with an open mind as merely assumptions not backed by supportive examples and studies can not make any policy good. They regretted that the recommondations of the Parliamentary Standing Committee and responses received by the Government on its discussion paper were never considered though majority of the responses and the recommondations of the Parliamentary panel are against the entry of FDI in Retail quoting substantial evidences.

The leaders jointly called for an open debate on FDI in Retail as various arguments made by the proponents of FDI are based on totally wrong assumptions.The experience of the rest of the World whether USA, Europe or Asian Countries substantiate the fact that global retailers act on predatory pricing policy and control the retail trade in a monopolistic way. The global retailers are willing to come to India to take over an existing market. Certainly, they are not going to increase in consumption which will result into mass displacement of the existing players. In other sectors where FDI has been allowed, new markets and new categories have been created. The FDI in Retail will have terrible consequences for the average Indian.

CAIT Secretary General Mr. Praveen Khandelwal

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