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Decision on FDI in retail taken after consultation: Govt

Posted on Dec 07, 03:13PM | UNI

Refuting the Opposition's allegation, Union Trade Minister Anand Sharma today said the UPA government took the decision to allow 51 per cent foreign direct investment (FDI) in multi-brand retail after consulations with different stakeholders.

"The government had consulted the state governments and recognised major farmers' and traders' bodies on FDI in retail.

Most of them supported the government decision in writing" Mr Sharma said in the Rajya Sabha replying to the debate on the motion against the decision allowing FDI in multi-brand retail.

The motion "that this House disapproves the decision of the government to allow FDI in multi-brand retail sector" was moved yesterday by AIADMK's V Maitreyan.

Mr Sharma said he met several chief ministers including Parkash Singh Badal (Punjab), Naveen Patnaik (Odisha) and Mamata Banerjee (West Bengal) to discuss the issue.

He said the Left parties and Trinamool Congress had opposed the FDI in retail.

"I also wrote to several chief ministers and Leaders of Opposition in Parliament," he said.

Mr Sharma added that about 11 states were supporting FDI in multi-brand retail. He refuted the allegation that he had violated the assurance given to Parliament on December 7 last year that decision on FDI was suspended until there was a consensus among the stakeholders.

However, Leader of the Opposition Arun Jaitley said Mr Sharma never wrote a letter to them after December 7, 2011.

The BJP also accused the government of taking the decision on FDI without any consensus.