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Government to reach out DMK on multi-brand retail ahead of Winter session

Publish Date: 21 Nov 2012, 09:57 AM
Last Updated: 21 Nov 2012, 09:57 AM
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Govt to convince DMK on FDI in retail
Govt to convince DMK on FDI in retail

On Board PM's Special Plane: Facing the prospect of a No-Confidence Motion, government on Tuesday said it will reach out to its sulking ally DMK to convince it about benefits of FDI in multi-brand retail even as it accused those opposing the move of having an "agenda" or "lack of comprehension".
Describing DMK as a "valuable ally", Commerce and Industry Minister Anand Sharma said, "I am sure the Prime Minister (Manmohan Singh) and "senior leadership of Congress has spoken and will speak to the leadership of DMK.
"We will convince them that all concerns that have been raised in the past have been addressed in shaping the policy factoring in the social and economic realities of India."
Sharma, who heads the nodal ministry behind the decision to allow 51 percent FDI in multi-brand retail, insisted that interests of small traders have been fully protected.
Asserting that the UPA "remains strong" even though there could be "differences of approach of parties", he said all allies understand that stability is imperative considering the prevailing situation in the country and world.


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