Bandh against FDI evokes partial response

The call for a nationwide bandh to protest against Foreign Direct Investment (FDI) in retail sector on Thursday evoked a partial response in Gujarat with most of the shops remaining open in the new city area here.

Updated: Dec 01, 2011, 14:19 PM IST

Ahmedabad: The call for a nationwide bandh
to protest against Foreign Direct Investment (FDI) in retail
sector on Thursday evoked a partial response in Gujarat with most of
the shops remaining open in the new city area here.

However, Kirana shop owners and traders in old Ahmedabad
observed a total bandh by downing their shutters to oppose the
FDI policy of the Central government.

Also, around 40,000 textile merchants in Surat observed
bandh fearing adverse impact on their businesses.

"Close to 40,000 merchants manufacturers are observing
bandh as they fear that FDI in retail sector could adversely
disturb their businesses," President Federation of Surat
Textile Traders Association Dev Kishan Mangani said.

"Majority of these merchant manufacturers have
production capacity of 2-4 parcels of salwar suits and
sarees per day (1 parcel equals 100 pcs) and have considerable
presence through retail outlets," he said.

The bandh got a marginal response at the diamond market
in Surat.

"It seems 50 per cent of diamond market is supporting
the call for bandh. The FDI in retail would not impact the
diamond traders much," President Surat Diamond Association
Dinesh Navadiya said.

In Rajkot,a prime business hub in the state, majority of
shops remained closed in protest. Electronic show rooms and
furtniture market also remained shut.

PTI