Business Standard

Kerala not to allow FDI in retail sector: Chief Minister

Image

Press Trust of India Thiruvanathapuram

"FDI will not be allowed in the retail sector during the tenure of this government.There is no change in the government stand, for which we have got the permission of the central leadership," Chief Minister Oommen Chandy said.

He was replying to a notice for an adjournment motion in the Assembly on the crisis in traditional industrial sectors like coir, cashew, fishing, textile, beedi and toddy tapping.

Chandy said UDF MPs from the state stood united on the issue but voted in favour of FDI in Parliament because of the party whip and had to adhere to party discipline.

The government had also informed Prime Minister Manmohan Singh and the party leadership of its decision, he said when asked by Opposition leader and CPI-M veteran V S Achuthanandan if UDF had changed its policy on the matter.

 

Achuthanandan brought to the notice of the House Walmart's disclosure that it had spent money for lobbying. "I want to know whether your approach to traditional sector will the same as to FDI", he said, referring to UDF MPs voting in favour of FDI in Parliament.

  

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 13 2012 | 1:45 PM IST

Explore News