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FDI in multibrand retail: Has Narendra Modi made 'U' turn on the issue?
The countrymen know quite well about the capacity, knowledge and economic understanding of Narendra Modi. None of his enlightening ideas surprise them any more. But the matter of fact is that economic issues are too complex and it's much simpler and easier to read a prepared document than to answer the questions of people who know about the subject.

On last Thursday Modi urged the Indian business not to fear global challenges and vowed to smash the web of complex rules with and smart overhaul of the governing structure. He urged the traders to embrace modern science and technology to deepen their markets and start virtual malls in small shops by forging pacts with large players.

"I don't know whether it will benefit me politically or not... There is no need to be scared by the global challenges. Convert the challenges into opportunity." Oh, Yes ! "You ask the government to help you build your capabilities to meet the global challenges. The government should focus on that and not say close online. How will you stop online?"

Then he urged them to concentrate on quality and weeding out unscrupulous elements and improve their delivery systems and step up online marketing.

"Consumers in small towns and cities have become brand conscious and small traders should seize the opportunity to service this demand. Do not be scared by these things. Our children have taken IT to the world. You have to embrace modern science and technology. Set up e-commerce. You can set up virtual malls in small shops. Sometimes I feel that there is a need to devise a law which would ensure that a new law will be enacted only when 10 old and outdated laws are done away with."

He also said that the tendency to run the country from Delhi should be abandoned and states should be empowered and the Centre should take the states into confidence while devising development strategies. May I ask Modi jJi - What about the remote control from NAGPUR?

Realizing his limitations he agreed- "We are poor, if this is the mindset of the leadership, we can do little to change the situation"

He also said that the country had lost its chance after Independence when the government failed to provide opportunity and possibilities to people.

For the readers, I am reproducing the BJP's position in past about FDI.

The decision of the Congress led UPA government to allow FDI in multi-brand retail has drawn all round criticism and condemnation. In the name of 'reform', the government has in fact compromised the long-term national interest which is sure to have far reaching implications on our economy.

It will not be wrong to say that in order to show that the government is not in the grip of policy paralysis, the Congress led UPA has buckled under foreign pressure. The decision is sure to have its impact on millions of small traders who are going to lose their jobs. At the same time the manufacturing sector will also be hurt creating a new economic crisis in the country.

It is very unfortunate to see that the Congress led UPA neither bothered to contact its coalition partners on the issue nor took Opposition into confidence. BJP has opposed FDI in multi-brand retail right from the beginning. 

On November 24, 2011 when the cabinet approved the proposal for the first time, Leader of Opposition in Lok Sabha Sushma Swaraj and Leader of Opposition in Rajya Sabha Arun Jaitley in a joint statement opposed the move. The decision was then deferred by the government.

There is a need to create awareness among the people on the issue as this decision might change the very contours of the Indian economy. We are publishing various documents, articles and relevant papers on the issue so that the people are aware of the facts and voice their concerns forcefully. We hope that the booklet will help in highlighting various aspects of the issue.

Publisher

Bharatiya Janata Party

11, Ashoka Road, New Delhi - 110003

October 2012

Isn't it a significant shift in the BJP's stated position on FDI in multi-brand retail and what is said by the party's prime ministerial candidate?

Another pearl of his wisdom about the laurel of traders: "risk taking ability of traders was more than that of a soldier." Where are you retired Gen V. K. Singh?

Editorial NOTE: This article is categorized under Opinion Section. The views expressed in this article are solely those of the author and do not necessarily represent the views of merinews.com. In case you have a opposing view, please click here to share the same in the comments section.
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