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People will fight unitedly against FDI in retail : Joshi

Posted on Nov 17, 10:25PM | UNI

Senior BJP Leader and MP Dr Murali Manohar Joshi today gave a clarion call that all section of people should fight unitedly against allowing Foreign Direct Investment (FDI) in retail by the Congress-led UPA government as it would be detrimental for the country's economy.

Speaking at a seminar on 'Destroy FDI and Save India', organized by Andhra Pradesh state BJP Trade and Commerce Cell here, Mr Joshi claimed that the FDI in retail trade would ruin the country's economy, particularly retail sector, and harm interests of farmers, common man and businessmen.

Refuting the UPA government's claim that it would benefit the consumers as well as farmers, Public Accounts Committee (PAC) Chairman alleged that the Central government led by Manmonah Singh had been misleading the people.

The UPA government had taken the unilateral decision on allowing FDI in retail trade under pressure from the US , he alleged and questioned 'why the government has taken decision at the time of election in America'.

Terming the UPA government's decision on FDI as a tool to kill domestic industry in the country, he said the MNCs would not buy products from farmers or other businessmen once they get control on retail market in the country and would dictate the farmers by imposing terms and condition and dump the goods brought from other countries.

The party would oppose the Congress' decision of FDI in retail trade, he stated and urged people to launch a united fight against it.

At the end of seminar as the news of demise of Shiva Sena supremo Bal Thackeray was received, two minutes silence was observed to pay homage to him.

Later talking to reporters, Mr Joshi expressed his deep sorrow over the sudden demise of Mr Thacheray.

Former Union Minster Bandaru Dattatreya, National secretary Dr K Laxman and state party chief G Kishan Reddy also addressed the seminar attended by traders in the city.