News Politics National AAP sticks to manifesto, says no to FDI in multi-brand retail in Delhi

AAP sticks to manifesto, says no to FDI in multi-brand retail in Delhi

New Delhi: Reversing the earlier policy, the Aam Aadmi Party-led Delhi government has written to the Centre that it will not allow multi-national companies to set up multi-brand retail stores in the state.In a letter

The Aam Aadmi Party (AAP) in the party manifesto had expressed its opposition to the policy of FDI in multi-brand retail.

"The Walmart experience shows that farmers in the US were not benefited, but deprived besides being a very bad employer," Arvind Kejriwal, party's founder and now Delhi Chief Minister, had said earlier.

On the national level, the FDI in multi-brand retail had not evoked the expected response from the global retailers. Till now only one proposal of UK-based Tesco has been cleared by the central government.