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Kerala not to allow FDI in retail sector

Posted on Dec 13, 10:46PM | UNI

The Kerala Government will not allow FDI in retail sector in the State, Chief Minister Oommen Chandy told the Assembly today.

Replying to a notice for an adjournment motion in connection with the problems in traditional industry sectors, he said the Government will not change its stand as the views of the state in this regard was already informed to the Centre.

However, Opposition leader V S Achuthanandan asked why the Kerala MPs voted in favour of the FDI in Parliament. He also pointed out the Wal Mart's disclosure that it had spent crores of rupees for lobbying in Indian Parliament in this regard.

The Chief Minister replied that though the MPs from Kerala were against the FDI in retail, they voted in favour of the FDI in Parliament as they were acting as per the party whip. Clarifying various steps taken against crisis in the traditional industrial sectors like coir, cashew, fishing, textile, beedi and toddy tapping, he said Centre was asked to stop cashew import to protect units in Kerala.

An amount of Rs 25 crore was sanctioned by the Centre to revive textile sector, he said.

Following the reply, Speaker G Karthikeyan denied the permission for moving the adjournment motion.