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After DMK, UPA ally NCP says it is opposed to FDI

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Press Trust of India New Delhi
Last Updated : Jan 24 2013 | 2:10 AM IST

"NCP does not support FDI in multi-brand retail," Patel, who is also the Union Minister for Heavy Industry, told reporters outside Parliament soon after its members voted in favour of the move in the Lok Sabha.

He said the decision to implement FDI in retail in Maharashtra would be taken after consultations with its coalition partner Congress.

Earlier participating in the debate in the Lok Sabha, Patel sought to differ with Telecom Minister Kapil Sibal, who had yesterday said the Maharashtra government had spoken in favour of FDI in retail.

Noting that FDI would be implemented only in cities with population more than 10 lakh, he said "it is possible that this experiment may not succeed. If this does not work out, then be it (NCP chief) Sharad Pawar or myself we can revise our opinion.

"In Maharashtra, we have a coalition government (with Congress). Kapilji, yesterday you had said that Maharashtra government has favoured FDI in retail.

"But, I would like to make it clear on behalf of my party, I wish to state that there is a coordination committee (in the state). We will meet, discuss its merits and demerits and then decide on our party's stand which will be conveyed."

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Yesterday, another key UPA constituent DMK had voiced its opposition to FDI in multi-brand retail.

DMK leader T K S Elangovan said the party was with the government because it had stated that FDI was the need of the hour to save the fiscal condition of the States.

  

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First Published: Dec 05 2012 | 9:05 PM IST

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