FDI in retail will flood market with cheap foreign goods, says Modi


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Niticentral Staff15 Sep 2012

 
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Gujarat Chief Minister Narendra Modi lashed out at the UPA government’s decision to allow FDI in retail sector, saying that the decision will affect India’s manufacturing sector and lead to job losses.

“I don’t know what the Prime Minister is doing. Smalltime shopkeepers will have to close down due to this decision,” Modi said on Saturday, reacting to the decision on FDI, during his campaign tour through Navsari.

“Cheap goods produced elsewhere will be dumped in India and it will affect the manufacturing sector of the country as manufacturers of small items will find it difficult to survive,” Modi said, adding, “This will lead to job losses for the youth.”

Modi was addressing huge crowds that had gathered to welcome him at the Vivekananda Yuva Yatra at Navsari. Modi spoke to his constituents about the matter of price rise and blasted the ruling UPA government for its “anti-people” policies.

Focusing on the diesel price hike of Rs 5, Modi said the hike is ill-timed as farmers are already fighting the effects of a late monsoon. The rise of diesel prices, he said, will not only affect farmers, but also people from other walks of life. Modi’s government, on the day of the hike, announced a 100% relief from interest payment this year for farmers suffering on account of the monsoon delay. The farmers have also been given a 50% relief on electricity bills.

Modi was equally critical of the UPA’s decision to ration subsidised LPG cylinders for households. He said that the allotted 6 cylinders per family were going to fall woefully short and people were going to have to turn to the black market to fulfill their cooking gas needs.

“Why is Rs. 15 crore being spent to promote slaughtering of animals in the name of a “pink revolution”?” Modi asked, posing a direct question to the Prime Minister Manmohan Singh. “Can the PM reject claims being made on government websites that say India wishes to usher in a “pink revolution” of meat and mutton, just like the white and green revolutions of our past?” Modi asked.

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  • Yoga

    Whats wrong with that. How much ever I a Modi admirer, these are silly moves by him…

  • http://sepoywatch.blogspot.in/2011/11/fdi-in-retail.html Malavika

    Modi is spot on.

    FDI in retail has not helped farmers and manufacturers in US and UK and it is not going to help Indian farmers, manufacturers.

    With FDI in retail the end retailer gets higher percentage of the proceeds than the producer. The producers(farmers) benefit only if they have direct access to the retail market and multiple retailers rather than three or four big suppliers.

    Isn’t it terrible enough that farmers are committing suicides, do we want our retailers and artisans to do the same.

  • LEO

    As is Chinese goods flooding the Indian markets is new. Buy a Voltas Ac or a Usha fan – they are made in China. Wholesalers in Delhi’s Chandani Chowk are now initiating their sons into business through trips to China. I hear from people running small businesses that anyone building even a 10 room hotel in a small town is now making a trip to China for things like electronic fittings or even uniform of staff.

    People kept quiet when small manufacturers suffered from Chinese onslaught but suddenly there a surge of support for local LALA. Look around in middle class localities in Delhi. He is the richest guy in the area who also functions as a financier .




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