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Court notice to Bharti Walmart
Wednesday July 11, 2012 08:23:20 PM,
IANS
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New Delhi: The Delhi
High Court Wednesday issued notices to the central government, Bharti Walmart Pvt Ltd and Bharti Retail Ltd on a plea alleging
that the firms were illegally carrying out retail trading in
multi-brand sector.
The petition by scientist and green activist Vandana Shiva alleged
that the retail giants were carrying out trade in violation of the
foreign direct investment (FDI) policy.
A division bench of Acting Chief Justice A.K. Sikri and Justice
Anil Kumar sought a response from the companies.
He accused Bharti Walmart of illegally carrying out multi-brand
retail trade despite being permitted only to carry out wholesale
cash and carry trade.
The petitioner accused many established Indian companies of
operating as fronts for foreign trading companies to give them
majority control and economic interest in the Indian retail
sector, thereby circumventing the FDI rules.
Alleging that the retail giants were depriving the "solitary
source of livelihood" of Indian retail traders and farmers,
counsel Pinky Anand said their activities were "adversely
affecting the multi-brand retailing scenario in India and causing
severe problems to lakhs of people.
"Protests had prevented Walmart's entry into retail but in 2007 it
did get a backdoor entry for wholesale only through a
joint-venture with Bharti. Their stores go by the names of Easyday
and Best Price Modern Wholesale," Anand added.
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