FDI will not destroy farmers: RLD

Last Updated: Wed, Dec 05, 2012 13:10 hrs

New Delhi, Dec 5 (IANS) Lending support to foreign direct investment (FDI) in multi-brand retail, the Rashtriya Lok Dal (RLD) Wednesday said the move will not destroy small manufacturers and farmers.

"FDI will not bring any revolution in the country. It will take some time before we see its positive effects and it is wrong to say it will destroy farmers and small manufacturers," RLD MP Jayant Chaudhury said during a debate in the Lok Sabha on the issue.

He said that rather than getting worried about FDI in retail, the country needed to ponder what policies were required to protect farmers and small manufacturers.

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