Bihar against FDI in retail sector in state: CM
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Last Updated: Wednesday, November 30, 2011, 21:29
  
Patna: Bihar Chief Minister Nitish Kumar on Wednesday said his government will not allow FDI in retail sector in the state and urged the UPA government to withdraw its decision in "larger public interest".

"The state government will not implement 51 per cent FDI in retail sector in Bihar as the step is not beneficial to anybody," he told reporters at the airport after returning from two-day seva yatra to Arwal district.

"The states are not bound to implement the FDI in retail sector and I have been maintaining the stand from the first day since the UPA government decided to allow FDI in retail sector," Kumar said.

"As my government has not allowed corporate houses to set up Special Economic Zone (SEZ) in Bihar, it will also not allow FDI in retail sector in the state as a matter of principle", the Chief Minister said.

Questioning the Centre's wisdom in going ahead with its decision to allow FDI in retail sector, Kumar said the Centre should withdraw its decision in "larger public interest and in respect to the steadfast opposition to it by the people" and some ministers in the central government itself.

He rejected the Centre's contention that FDI in retail sector will generate employment opportunities.

Kumar reminded the Congress-led UPA government of its lack of majority on the issue of FDI in retail sector and said even two allies of the ruling coalition at the Centre were opposed to the decision on FDI.

Congress does not enjoy majority on FDI issue yet it has decided to stuck to its decision as if it enjoys three-forth majority in the party when the reality is that it has just over 200 members, Kumar said.

The Centre should also take note of the prevailing public mood against FDI in retail sector with social organizations, political parties and trade unions opposing the decision tooth and nail and review the move, Kumar said.

On the demand for carving out smaller districts for expeditious development, he said his government was not opposed to creation of smaller districts and people should give representation to a committee of ministers set up for the purpose of reorganization of block, subdivision and districts.

PTI


First Published: Wednesday, November 30, 2011, 21:29


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