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New York shuts Walmart out, New Delhi rolling out red carpet: Advani

New Delhi, Sun, 23 Sep 2012 NI Wire

Senior Bhartiya Janata Party (BJP) leader Lal Krishna Advani has said that it is unique that when Indian government is leaving no stone unturned for rolling out the red carpet for the Walmart, the America's largest city New York has shown out for the same. He has revealed the fact in his latest blog in which he has criticized UPA government for the FDI in retail sector.

In his blog, Advani wrote, "On the same Friday (Sep 14) Prime Minister Manmohan Singh rolled out the red carpet for Walmart, New York City, America's largest, shut Walmart out."

He also wrote that on the same day as UPA government "handed the FDI bouquet to Walmart and lobbyists assured that small retailers are safe, Atlanticcities, a web-newspaper from the stable of the famous Foreign Affairs magazine, carried a devastating headline news as "Radiating Death: How Walmart Displaces Nearby Small Businesses."

Advani has written about weeks ago, on June 30, over 10,000 people, shouting "Walmart Poverty", marched through Los Angeles, America's richest city, against Walmart stores.

He had remembered those days of NDA when Congress member Priya Ranjan Dasmunshi had sought clarification from then commerce minister Arun Shourie on plans to allow retail FDI.

"This issue of FDI in retail once occasioned sharp exchanges between BJP and Congress when the NDA government was in office. This happened on Dec 16, 2002," wrote Advani.

"A leading Congress MP Priya Ranjan Dasmunshi, referred to an Economic Times article which had written that on the issue of FDI in retail, the Planning Commission in its draft document of the Tenth Plan had affirmed that FDI was required in this sector.

"Dasmunshi said that through bureaucrats, multinational retailers are continuously putting pressure on the government to take this anti-national decision of allowing foreign direct investment in the retail trade," he said.

(With inputs from IANS)


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