States have prerogative not to allow FDI in
multi-brand retail: Government
Tuesday September 18, 2012 07:27:27 PM,
IANS
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New Delhi: Amid
growing protests against its decision to allow foreign direct
investment (FDI) in multi-brand retail, the government Tuesday
said the implementation of the policy remained a prerogative of
the states.
"The recently approved policy on FDI in multi-brand retail trading
provides, inter-alia, that it would be the prerogative of the
states to allow a multi-brand store," the commerce and industry
ministry said in a statement.
The main opposition Bharatiya Janata Party had Monday accused the
government of policy fraud, saying the states were not in a
position to stop foreign retailers like Walmart and Carrefour from
setting up their stores.
However, the ministry clarified that the policy would be
applicable to only those states who are desirous of implementing
it.
"The local and state-level regulations which govern shops and
establishments are the prerogative of the respective state
governments. The policy explicitly acknowledges this position,"
the statement said.
The federal cabinet last week took a decision to allow up to 51
percent foreign direct investment in multi-brand retail.
The statement also clarified that the state governments' decision
of not allowing FDI in multi-brand retail won't violate any of
India's international obligations.
"The decision does not violate any commitments/obligations arising
out of India's international agreements," the statement said.
The opposition parties and some of the allies of the ruling United
Progressive Alliance (UPA), notably Mamata Banerjee-led Trinamool
Congress, have been protesting against the decision.
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