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FDI debate begins, BJP says government gone back on promise
Tuesday December 04, 2012 05:05:52 PM,
IANS
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New Delhi: The
government had promised a decision on foreign investment in retail
after consensus but had gone back on its promise, Bharatiya Janata
Party (BJP) leader Sushma Swaraj said Tuesday while initiating the
debate on the issue in the Lok Sabha.
The leader of opposition said the government claims that foreign
direct investment (FDI) in multi-brand retail would benefit
farmers but this was not proven by international experience.
"The government has gone back on its promise of holding
consultation with all stakeholders before allowing FDI in retail.
It is sad that no effort was made to make a political consensus
and no meeting or any consultation was held with even the main
opposition party," she said.
"International experience shows that retailers do predatory
pricing and they will reduce the prices so that the other shops
get shut and when the market is over, they will increase the
prices and then consumers will have no choice but to buy at high
prices," she said.
Sushma Swaraj quoted the European Union declaration against
supermarkets and said they pay farmers poor prices the world over.
"They give low prices to farmers, low wages to employees, but keep
high profits. All over world large supermarkets do this," she
added.
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