My stand on FDI same as that of my party: Modi

Gujarat CM Narendra Modi refuted reports in a section of media that he supported FDI in retail.

Last Updated: Nov 29, 2011, 00:39 AM IST

Ahmedabad: Gujarat Chief Minister Narendra
Modi on Monday refuted reports in a section of media that he
supported FDI in retail and asserted that his stand over the
issue was same as the BJP, which is opposing the move.

"My stand on FDI in retail is the same as that of my
party BJP, which is in the interest of the nation," Modi wrote
on twitter.

He said newspaper reports saying that he supports the
opening up of the economy in the retail sector were totally
incorrect.
"Gujarat government is of the firm view that the recently
announced GoI policy on FDI in retail will not only dislocate
the small and unorganised retailers but also result in
unemployment which is against national interest," Gujarat
government spokesperson and Health Minister Jaynarayan Vyas
said in an official release.

However, the state government is also of the view that
there are advantages and disadvantages of domestic and foreign
retailers in retail trade for which a detailed study is
required before taking any decision.
It is faulty to believe that Gujarat government is
supporting the FDI in retail policy and further, in this
matter, the state government subscribes to the views taken by
the Central BJP leadership, Vyas said.

PTI