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Opposition helping middlemen by objecting to FDI: Kapil Sibal

Publish Date: 04 Dec 2012, 07:51 PM
Last Updated: 04 Dec 2012, 07:51 PM
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Opposition against farmers: Kapil Sibal
Opposition against farmers: Kapil Sibal

New Delhi: Congress on Tuesday accused opposition of trying to score political points by objecting to FDI in retail and asserted that the decision would benefit farmers, small scale industries, youth and consumers in the country.

Articulating the party's position during debate on the issue in Lok Sabha, Telecom Minister Kapil Sibal also charged BJP and Left parties with ignoring "ground reality" and helping commission agents.

"Purpose of the policy is that the farmers should get a higher price for their produce than they get in the mandi (wholesale market). It will abolish middlemen system," he said citing an example in a West Bengal district where MNC Pepsico procured potato directly from farmers.

He said commission agents are the real beneficiaries in the present system and farmers get only 15 to 17 percent amount for their produce.

"They (opposition) have to understand whether they are with the middlemen.... You are with the middlemen," Sibal said amid vociferous protests by opposition.

He said the policy will strengthen the country's infrastructure sector.

"The foreign investor has to invest USD 100 million out of which USD 50 million has to be invested for infrastructure development," he said.

Sibal said the country's small scale industry sector will benefit from the policy as there is a provision that 30 percent of procurement should be done from this sector.

"If he (the investor) doesn't get it from MSME sector, he will lose it," the senior Congress leader said.

In a scathing attack, Sibal said BJP in its 2004 manifesto had announced 26 percent FDI in the country.


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  • Satish Chandra04 Dec 2012, 00:00 AM

    DECEMBER 4, 2012: To say that Foreign Direct Investment will be allowed only in cities of over one million population and only 53 cities will qualify is like saying we will allow American bases only in cities of over one million population. The invasion and occupation of Afghanistan, the drone attacks on Pakistan are part of the Anglo-American enforcement of their ownership of India. DECEMBER 3, 2012: India's population is a mountain of S-H-I-T. India's army, air force, navy chiefs are particles of S-H-I-T in this mountain of S-H-I-T. The navy chief wants to protect Indian assets in the South China Sea but is not concerned about the Anglo-American ownership of India as a whole including himself. Saying that the Congress party has the numbers to let Foreign Direct Investment sail through is like saying Shiv Sena has the numbers to jail anyone writing against particles of S-H-I-T like Bal Thackeray and Raj Thackeray. What matters is not who has the numbers but who has nuclear weapons. The British did not have the numbers in 1857 yet enforced their ownership of India by killing, by guns and sword, over ten million Indians in just the ten years after 1857 and continue to enforce their ownership of India today of which the ability of Anglo-Americans to bring Foreign Direct Investment -- via Indian governments which are proxies for the CIA with all political parties controlled by CIA-RAW -- is an example. But not guns and sword but nuclear weapons are what matter today and who has the nuclear weapons? IndiasTraitorGovtAndMediaDOTblogspot.com Satish Chandra