Local units of the Left parties have formed a common platform to launch a sustained agitation against Foreign Direct Investment (FDI) in retail sector.

As part of their protest programme, the Krishna district units of the Communist Party of India (CPI), Communist Party of India (Marxist) CPI(M), Marxist Leninist (ML) and New Democracy will launch a massive dharna in front of the Best Price Stores (Walmart) at Nidamanuru on Monday (November 19).

Party secretaries Akkineni Vanaja, R. Raghu and K. Rama, at a press conference on Saturday, said that the decision of the UPA Government at the Centre to allow foreign retailers like Walmart and Metro Cash and Carry to set up shop here would tantamount to demolishing the sovereignty and the democratic fabric of the nation.

They said that the parties would stage demonstrations in front of each of these retail markets. The UPA Government had evidently shunned the welfare of the common man, they said, taking strong exception to the Government’s further plans to invite multi-national companies to invest in other key sectors like telecommunication, banking and LIC.

‘Anti-trader’

They warned the Government that the move would hamper the interests of the indigenous trade sector. The leaders ridiculed the Centre for inviting multi-national companies like Walmart and Metro which were opposed in America and Germany.

If the Centre was allowed to have its say, nearly 4.5 crore indigenous traders would lose their source of livelihood, they added. The representatives of the parties thus would raise the issue in Parliament and force the Government to revisit its decision on this count. The CPI city secretary Donepudi Sankar, CPI- (ML) leaders M. Bhargavsri, D. Harinadh, K. Rama Rao and others were present.


  • Allowing the FDI is tantamount to demolishing our sovereignty, say Left parties

  • Nearly 4.5 crore indigenous traders would lose their source of livelihood, they say