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Delhi govt will not allow entry of FDI in retail sector

The Aam Aadmi Party is shocked at yet another U turn by the BJP led NDA government, this time on the issue of Foreign Direct Investment in Multibrand Retail. BJP leaders had made spirited speeches in both the houses of Parliament when the UPA government was trying to push the policy. The BJP had pledged to fight against the move and had promised the nation to take the battle to the streets.

In a stark contrast to its earlier stand on the issue, now the Modi Government is reading out the same set of arguments, which the BJP had trashed when the same were being put forward by the UPA ministers. A large section of small retailers of the country had voted for the BJP in Lok Sabha elections. Now these traders feel cheated by this political somersault of the Modi Government.

The Aam Aadmi Party is of the firm view that in given circumstances, allowing FDI in Multi-brand Retail will be disastrous for small retailers and their suppliers in Delhi. Interests of these traders and small businessmen cannot be compromised to please corporates. The Aam Aadmi Party reiterates its stand and opposes any such move in Delhi.

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