CAIT, RCC, SJM oppose FDI in retail sector

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Rourkela: Confederation of All India Traders (CAIT), Odisha Chapter, in association with Rourkela Chamber of Commerce and Industry (RCCI) and Swadesi Jagran Manch (SJM) today staged dharna in protest against FDI in retail trade.

Subrata Pattnaik, president of CAIT, lambasted the UPA government, alleging that certain provision in the FDI proposal will provide extraordinary advantages to the ‘haves’ while poor will bear the burnt of FDI in retail.

Pattnaik also accused some political parties supporting FDI of keeping people in the dark about detrimental provisions. “It will have cascading repercussions on farmers, labourers, hawkers and daily wagers in the country, apart from affecting trade and small industries,” said the CAIT president.

The CAIT also released a ‘White Paper on FDI in Retail Trade’, in which incorrect and misleading facts and figures in the FDI proposal were pointed out.

Pattnaik sought to know if the political parties supporting FDI in retail are aware of major deviations in the notification issued on September 20, 2012 by the government. The ‘extraordinary’ advantages in the FDI proposal will empower global retailers to control and dominate the retail trade in the country.

He said that the Government is repeatedly claiming that 40 per cent food goes waste in the country, which is false and baseless. “Are parties aware that under Multi Brand Retail, the Government has allowed trading of unbranded grains and pulses which will have adverse effect on Indian farmers?”, asked Pattnaik, adding that very few are aware that the FDI policy of the Government violates Principle of social and economic justice guaranteed under the Constitution.

The CAIT alleged that the FDI will result in massive unemployment for workers and labourers working in small industries, shops and farm sector. The farmers will become captive at the hands of global Retailers, Pattnaik said.

The CAIT urged the leaders to reconsider their decision in the larger interest of the people and oppose FDI in Retail Trade. Brij Mohan Agarwal, Senior Vice President, CAIT, Delhi, Mahesh J Vajir, President, RCCI and Rama Kanta Patra, Swadeshi Jagran Manch, Rourkela, took part in the dharna.
 
   

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