AAP's decision on FDI in retail irresponsible: Anand Sharma
New Delhi: Terming the Delhi government's decision to disallow FDI in multi-brand retailing as “abrupt, irresponsible and ill-considered,” Commerce and Industry Minister Anand Sharma today said India is not a banana republic where policy decisions
Responsible governments can ill-afford to take arbitrary decisions and knee-jerk reactions.”
In a major policy reversal, the AAP government wrote to the Centre to withdraw the approval given by the previous Sheila Dikshit government for FDI in multi-brand retailing in Delhi, saying the entry of global chains such as Walmart and Tesco in India would result in large-scale job losses.
Sharma, however, said the Centre had formulated the policy after wide consultations with all stakeholders, including farmer unions, MSMEs and state governments.
In a major policy reversal, the AAP government wrote to the Centre to withdraw the approval given by the previous Sheila Dikshit government for FDI in multi-brand retailing in Delhi, saying the entry of global chains such as Walmart and Tesco in India would result in large-scale job losses.
Sharma, however, said the Centre had formulated the policy after wide consultations with all stakeholders, including farmer unions, MSMEs and state governments.