Kerala rules out Centre’s decision to implement FDI in retail

with the Centre’s decision to allow 51 per cent FDI in multi-brand retail.

“We will not implement it (FDI in retail). We have already conveyed our stand (to the Centre) that we cannot agree with it,” Chandy told reporters here.

The Chief Minister’s statement assumes significance as Congress party,including Rahul Gandhi,has been pushing for FDI in retail,a decision regarding which was taken by the

Union Cabinet in November last year.

Gandhi had termed the Centre’s decision as “pro-farmer” and called those opposing the initiative as “anti-farmer”.

The government had to put on hold its decision following stiff opposition from some of UPA allies like Mamata Banerjee-led Trinamool Congress.

In an interview in December,Prime Minister Manmohan Singh had indicated that he hopes to revisit retail reforms after March,by which time Assembly elections in five states get over.

Chandy,who was addressing press along with Congress’ Kerala Unit chief Ramesh Chennithala,noted that the state Congress unit had already expressed its opposition to FDI in

retail.

While justifying his government’s decision,Chandy pointed out that implementation of the move on FDI in retail has been left to individual states and Kerala has decided not to do so.