DMK maintains suspense on FDI in retail

Last Updated: Fri, Nov 16, 2012 11:32 hrs

The Dravida Munnetra Kazhagam (DMK), a crucial ally of the Congress-led UPA Government at the Centre, on Wednesday continued the suspense over its stand on any resolution which may be introduced in Parliament concerning the Foreign Direct Investment (FDI) in multi-brand retail.

"Small and medium retail traders in Tamil Nadu are apprehensive that Foreign Direct Investment would greatly affect them. We would discuss and take a decision on this (FDI) keeping their interest in mind," said DMK chief M. Karunanidhi.

"Let the DMK's stand remain a suspense. Only a movie with suspense does well," he added, when asked about the DMK maintaining suspense on its stand over the FDI issue and whether it would support a no-confidence motion against the UPA Government.

The support of DMK, which is the second largest ally with 18 Lok Sabha MPs, is very crucial for the UPA after the exit of Mamata Banerjee-led Trinamool Congress (TMC).

The Bharatiya Janata Party (BJP) is all set to oppose the government's decision in Parliament, and build a joint strategy with the NDA partners and other political parties on the issue.

Information and Broadcasting Minister Manish Tewari today said Foreign Direct Investment (FDI) in multi-brand retail is in favour of everyone and is in the national interest.

The Winter Session of Parliament begins on November 22. (ANI)

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