The Confederation of All India Traders (CAIT) has alleged that the government's notification of allowing FDI in Retail issued on 20th September speaks the fact that the Government is playing a game with the people of India as it has provided various concessions to foreign investor to pave and easy way for them to establish their business in Indian Retail Trade.
CAIT National President B. C. Bhartia and Secretary General Praveen Khandelwal has said that as per para 6.2.16.5 (vi), the retail outlets of MNCs will be in cities with population of more than 10 lakhs. But going a step further the notification authorises the MNCs to set up retail stores in the cities of their choice in such states which do not have population of 10 lakhs as per 2011 Census which means that MNCs will have a free hand to set up their retail stores anywhere in India.
CAIT has alleged that there will not be any government mechanism to regulate whether these companies are complying with the condition mentioned in notification. It is an open fact that global retail giants are known for flouting the laws. Thus whatever conditions have been stipulated in the policy will go redundant because of self-certification conditions.
Both Bhartia and Khandelwal said that under backend infrastructure the policy has a mention of agriculture market produce infrastructure, which is very dicey, and needs to be defined. They further informed that considering the seriousness of the matter the CAIT has called an emergent meeting of its National Governing Council comprising of leaders of different States on 26th and 27th September at New Delhi to draw future countrywide agitation strategy.
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