New Delhi: The government is facing stern political opposition over its decision of allowing FDI in retail. To counter the opposition, the government has reminded India Inc that it should also participate in checking this problem. It is the reason that most prominent retail companies and trade chambers have joined hands in support of allowing FDI in retail.

Trade body Assocham is going to hold around 100 meetings to make people aware about how FDI in retail will help both farmers and consumers. The seriousness of the move is apparent from the fact that the Assocham has included its ten former presidents in the panel which also carries the names of renowned industrialists. Trade and Commerce Minister Anand Sharma is giving his full supporting the move.  

According to sources, the Minister held a meeting with the heads of trade chambers on the same day the government took historic decision of allowing FDI in retail.

Trade bodies have been advocating for FDI in retail for long time. However, Assocham president Rajkumar Dhoot said that people need to be made aware that fruits and foodgrains can be stored in better manner with FDI in retail. As well, with infrastructure development, more employment can be generated. It may be possible that there will be issues of unemployment with middlemen but it can be compensated with upcoming opportunities in the supply chain.

US retail giant Walmart is also going to join the awareness campaign with its counterparts in India. First, the retail companies are going to meet Chief Ministers who have allowed them in their respective states. Apart from this, they are going to meet representatives of farmers. Raj Jain, MD, Walmart India has told Dainik Jagran that the protest is based on misconceptions which can be stopped by holding talks.


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