Bihar CM Nitish takes on Centre for forcefully imposing FDI proposal

Last Updated: Mon, Dec 10, 2012 14:04 hrs

Bihar Chief Minister Nitish Kumar on Monday lashed out at the Congress-led UPA Government for forcefully imposing the proposal of Foreign Direct Investment (FDI) in multi-brand retail.

"The FDI proposal is being forcefully imposed by such a government, which could not prove their majority during the debate in the lower house of the parliament. During the voting on the proposal, they gained more votes as compared to the opposition but they were not equal to the number required for clear majority," said Kumar.

"So, morally and politically, the opposition is not defeated and the ruling government has not won," he added.

Kumar said that he would welcome FDI in infrastructure development, but not in retail trade as it would only increase unemployment and that the move was definitely not in the interest of traders and farmers.

"In the starting, the foreign supermarkets may sell their products at cheap rates to attract the consumers but after they will get absolute control over the market, then they will sell their products at high price and the consumers will be looted. So, from every point, angle, this is not beneficial for the country," said Kumar.

"Nobody is against FDI, but is against FDI in retail. We will welcome FDI in infrastructure, railway, road, port and airport," he added.

Commenting on the Wal-Mart lobbying issue, Kumar said such companies indulge in lobbying to expand their business empire.

"The whole country knows that such companies indulge in lobbying and influence people to expand their business. This is an example and we all should wait, as more things will come to light regarding this matter. This matter should be seriously investigated and the report should be filed into this," he said.

In India, a new controversy has erupted over the decision to open up the vast retail sector to foreign supermarkets.

In the US, Wal-Mart has disclosed that it spent 25 million dollars or 125 crores in the last four years on lobbying for various projects including "enhanced market access for investment in India."

The Congress-led UPA Government won a vote in both houses of Parliament last week on its decision to allow Foreign Direct Investment or FDI in multi-brand retail.

Reacting on the tabling of a bill in Parliament for reservation in promotions for those belonging to the Scheduled Castes (SCs) and Scheduled Tribes (STs), Kumar said that he would support the bill.

"As far as new amendment is concerned, we have already brought such a policy into force in our state. So, for sure, we are in support of it," he said.

The Samajwadi Party today forced adjournment in the Rajya Sabha on the issue of Quota in promotion for Scheduled Castes and Tribes in government jobs.

The Rajya Sabha was scheduled to consider passage of the bill in this regard by moving the 117th Constitution Amendment Bill.

The bill was introduced in the Rajya Sabha in the Monsoon Session, but could not be taken up due to disruption on coal block issue.

The Bahujan Samaj Party has been demanding that the bill be passed, but the Samajwadi Party is opposing it. (ANI)

More from Sify: