FDI IN RETAIL - CURSE for Small Indian Traders
: BJP LEADER YASHWANT SINHA
New Delhi, 10th Jan 2013: Delhi Study Group, a prominent NGO of India led by
Ex. Delhi MLA & President Mr. Vijay Jolly organized a talk on “FDI & Its Impact on Small Traders”.
The program was held at Old Meeting Hall, Town Hall, Chandni Chowk, Delhi-6.
The
Chief Speaker at the program Mr. Yashwant Sinha, Member of Indian Parliament
& Former Union Finance Minister while addressing the august gathering
stated that Foreign Direct Investment (FDI) in retail is a curse for small Indian
traders. It shall benefit big trading houses. Employment avenues in production
sector shall decrease. Since Indian economy is service sector oriented, so self
employment shall also suffer. FDI in infrastructure is acceptable. But in
Indian retail sector it shall be disastrous for small Indian traders stated Mr.
Yashwant Sinha.
Dr.
Mahendra Nagpal, Leader of House North Delhi Municipal Corporation &
President Delhi Vyapaar Mahasangh Manohar Lal Kumar were the Special Guest of
Honour. Chandni Chowk Councilor Smt. Surekha Gupta attended along with Suresh
Bindal President Delhi Hindustani Mercantile Association. Prominent leaders of
trading associations of Delhi participated in large numbers. Presidents of
various associations namely Grain Merchants, Chemical Merchants, Saree
Mercantile, Electric Traders, Kirana Merchants, Spice Traders, Crockery
Traders, Cloth Market, Fents Merchants, Dry Fruit Merchants also attended. The
program Convenor Mr. Gopal Garg, Vice President Delhi Study Group &
President Cloth Market Welfare Association Chandni Chowk conducted the program.
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