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Left parties stage demonstration against FDI in retail

Staff Reporter
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Small traders and farmers will be badly affected, they say

Left parties' activists staging a protest demonstration in front of the Bharti Walmart Best Price Modern wholesale store, against Foreign Direct Investment in multi-brand retail sector, at Nidamanuru near Vijayawada on Monday. —PHOTO: V. RAJU
Left parties' activists staging a protest demonstration in front of the Bharti Walmart Best Price Modern wholesale store, against Foreign Direct Investment in multi-brand retail sector, at Nidamanuru near Vijayawada on Monday. —PHOTO: V. RAJU

The Left parties staged a sit-in protest in front of the ‘Best Price’ shop (Walmart), a Multi-National Company, protesting against Foreign Direct Investment (FDI) in retail sector, at Nidamanuru near here.

On Monday, the activists of Left parties gathered in front of the Walmart and held the dharna to protest the FDI in retail sector. They raised slogans against the FDI in retail sector and the UPA Government for allowing the FDI.

The leaders said the UPA government was poised to allow the FDI saying harsh decisions had to be taken for the development of the country. They said MNCs like Walmart and Metro were opposed in America and Germany.

The decision to allow foreign retailers like Walmart, Metro Cash and Carry to set up their shops here would tantamount to demolishing the sovereignty and the democratic fabric of the nation, they said.

The move would hamper the interests of the indigenous trade sector. More so, opening doors to the FDI was bound to increase corruption and the small traders and farmers would be badly affected.

The Centre was not sympathetic towards small traders who would lose their livelihood if the MNCs establish their multi-brand showrooms, they said, adding, the agitation against the FDI in retail would be intensified if the Central government did not withdraw its decision to allow the FDI.

The UPA government had shunned the welfare of the common man, they alleged, taking strong exception to the government’s further plans to invite the MNCs to invest in other key sectors like telecommunication, banking, and insurance.

CPI district secretary Akkineni Vanaja, CPI(M) district secretary R. Raghu, city secretary Ch. Babu Rao and others spoke.


  • The Centre was not sympathetic towards small traders, they say

  • They say agitation against the FDI in retail will be intensified



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