[Marxistindia] No FDI in E commerce Retail

news from the cpi(m) marxistindia at cpim.org
Wed Mar 30 11:57:11 IST 2016


March 30, 2016

 

Press Statement

 

The Polit Bureau of the Communist Party of India (Marxist) has issued the
following statement:

 

No FDI in E-Commerce Retail

 

The decision of the Modi government to allow 100 per cent FDI in e-commerce
retail is an outright surrender to the interests of big foreign e-commerce
retail firms.  This is clearly announced to appease foreign capital on the
eve of PM Modi's US visit. It is also a surrender to the pressures of the EU
keeping in mind the ongoing Free Trade Agreement talks with EU and the Prime
Minister's visit to Brussels.

 

The BJP had been vocal against the FDI in retail trade when it was in the
opposition.  Now it has done a somersault.  The allowing of FDI in
e-commerce will facilitate the backdoor entry of FDI in retail.  This will
affect the livelihood of lakhs of small retailers in the country.

 

The CPI(M) demands that this harmful policy be immediately rescinded.  

 

 

 

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