Congress supported FDI in retail: Sharma
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Last Updated: Sunday, December 04, 2011, 11:25
  
New Delhi: The government may have been forced to put FDI in multi-brand retail on hold, but Commerce and Industry Minister Anand Sharma said the decision was taken out of conviction with full backing of the Congress party.

"Why roll back? We have acted out of conviction ... carefully thought it through," Sharma said in an interview to a news channel.

The interview was recorded before the announcement by Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee that the controversial decision on allowing 51 per cent FDI in multi-brand retail has been put on hold till there is a political consensus.

Sharma thought liberalising the sector would send positive signals to global investors showing that India "has self-confidence".

When asked whether the decision which was announced in the midst of Parliament session, had the backing of UPA Chairperson Sonia Gandhi and Congress General Secretary Rahul Gandhi, Sharma said the party was one on the issue.

Quizzed by the interviewer Karan Thapar about silence of Sonia Gandhi and Rahul Gandhi on the issue, he said: "Where is the silence? You think the Congress spokespersons can articulate complete support without party endorsement. Congress spokespersons never speak without authorisation of the party."

He said opening of the retail sector to foreign investors was in the interest of the small farmers and industry and these segments are close to the Congress leadership.

PTI


First Published: Sunday, December 04, 2011, 11:25


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