Delhi won’t allow retail FDI: Manish Sisodia

The Arvind Kejriwal-led government had taken a stand against FDI in retail first during its 49-day rule in 2013-14.

By: Express News Service | New Delhi | Published: May 14, 2015 1:25:06 am
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Deputy Chief Minister Manish Sisodia said on Wednesday that the Delhi government will not allow foreign direct investment (FDI) in the retail sector in Delhi. “The stand of Delhi government, which was communicated to the Department of Industrial Policy and Promotion (DIPP) of the Union Commerce and Industry Ministry on January 14, 2014, remains unchanged,” the Delhi government said in a statement.

A day after the Central government decision, allowing foreign retailers to open multi-brand stores with 51 per cent stake, the Delhi government maintained that the entry of FDI in the retail sector will be detrimental to the interests of traders and will “lead to unemployment”. The statement said, “Delhi government does not have blind opposition to FDI, but it is of the firm view that the national capital does not require its entry in the retail sector at this juncture.”

The Kejriwal-led government had taken a stand against FDI in retail first during its 49-day rule in 2013-14. The government’s “pro-trader” decision had also found a mention in the 70-point action plan made by the Aam Aadmi Party before it won the Assembly elections in February. The plan also stated that the erstwhile AAP government had rolled back FDI in retail to protect traders and prevent the loss of jobs.

“Chief Minister Arvind Kejriwal has made it clear that the approval granted by the then state government headed by Sheila Dikshit in 2012 was withdrawn in January 2014 and the decision remains unchanged,” a government official said on Wednesday.

“Delhi government will reiterate its stand to the Central government to remove all ambiguity on the issue, which may arise due to the fresh policy document of the Centre released on Wednesday,” an official said.

Can’t pay any more for expressways: Satyendra Jain

PWD minister Satyendra Jain on Wednesday wrote to Union Road Transport and Highways Minister Nitin Gadkari, following a meeting held between the two on Tuesday, stating that it will not be possible for the Delhi government to pay any more than what it has for the construction of the Eastern and Western Peripheral Expressways.

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