No retail trade for FDI: Leaders demand PM
 any further.
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Published by: Hasan Khan
Published on: Sun, 22 Jul 2012 at 14:49 IST
New Delhi: A letter signed by Mulayam Singh Yadav, Prakash Karat, S Sudhakar Reddy, Danish Ali, Debabrata Biswas and Abani Roy has reached the Prime Minister Manmohan Singh demanding government not to open up retail trade to Foreign Direct Investment (FDI) any further."We urge the government not to open up the retail trade to FDI any further. Political parties across the spectrum are opposed to this move. Many state governments have also stated their opposition," said the letter sent by these leaders representing there parties to the Prime Minister.
"Most of these are small unorganised or self-employed retailers. Entry of MNC supermarket and hypermarket chains would cause severe displacement of these small and unorganised shopkeepers and traders. The entry of the giant Wal-Mart supermarket chain would have a disastrous impact," the letter said.
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