We should not imitate West: Advani on retail FDI
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We should not imitate West: Advani on retail FDI

Last Updated: Saturday, December 03, 2011, 11:41
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Zeenews Bureau

New Delhi: Senior BJP leader LK Advani on Saturday stressed that there was no need to imitate West on having multi-brand retail giants here like the Walmart and Tesco.

Speaking at a function here organised by a media house, Advani said he failed to understand as to why the decision on allowing FDI in retail sector was taken so suddenly.

“We should avoid imitation of the West. Walmart may be good for them, but it doesn’t serve us,” Advani said, adding “we should not be envious of Walmart”.

According to him, once big retailers enter India it would lead to unemployment here. “There are so many who would be displaced...,” he said.

Advani noted that people are opposed to FDI in retail. Bharat bandh have never been as successful as was on Thursday, he added.

Touching on the issue of scams, Advani said graft was hitting India’s image and added that good governance and corruption cannot go together.

“Good governance is more important than right sounding policies,” he told the summit. “If 2011 was year of scams, let 2012 become year of accountability,” he added.

Advani underlined that those found responsible for scams must get punished.

Speaking in context of his recent Jan Chetna Yatra, Advani said his yatras have always intended to highlight genuine secularism.

“I have always got immense support during my yatras,” he added.

First Published: Saturday, December 03, 2011, 11:41

Comments

Petrus - Mumbai
In countries in Europe, big supermarket chains have killed all the one-man owned grocery shops and big electronic chains have killed all the small electronic shops. The people today in these countries have less choice now: they can only buy what the big chains offer (often with very bad service). This onslaught will also occur in Bharat. Sure, on the smaal term there will be increase in employment for building supermarkets, warehouses, roads etc, but when this all is finished, what you will have is perhaps only 10% of personnel working in the retail sector as the 100% now. Besides, mostly supermarkets are manned by schoolgoing children, who cost the minimum. So the real generation of employment will be far less than suggested.
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Natarajan - Mumbai
I liked the article except the last 3 lines. Advani should star practicng what he preaches. I fully agree with the comments writen by Mr. Rashtriya is right.
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D.N.MAKHIJA - DELHI-(INDIA)
CAN MR. ADVANI CONVINCE THE INDIAN WOMEN NOT TO IMITATE WEST............IF NOT THEN NO BODY IS GOING TO PAY ATTENTION TO HIS ADVISE
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Jayant - Mumbai
If they do not invite wallmart and others how can they say that we are advanceing This is easiest way to sell the country like sold by Amichand before 200 years by inviting East India co. and than rulled by them for more than 150 years.
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Mak - Delhi
Mr Adwani must explain what was not as imitation in 100% FDI in retail before 10 years as NDA approves under that time finance Minister Mr.Yashwant Snha led group of minister so that what he see imitation in 51% FDI now ?
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Rastriya - Delhi
Sir Mr Advani. When are you going to resign. Mr Vajpayee was 100 times better thinker than you sir. You were the same person who had opposed strongly to Induction of IT firms in to India. Do not bring politics in to governance sir. we have seen much drama in last few months. There are corrupt people here in every corner and we can see some short of action is being taken against them crossing the barrier of the party line. Let the second grid leaders like Arun and Sushma speak up their mind and please do not influence their thought and also keep RSS in back pocket because till the time you do not abstain your selves with any specific religious body you can never clean your current image. Please take a leave and go on a yatra to as many dhams possible for peace in mind. more than 50% people of the country want the elected government to do some good for the country and it seems now that they are being opposed to do so in every step by you. So their failure is not because of their inability but because of the issues you are creating. Please support the government on developement issues and think from a peacful mind keeping the countries growth in mind rather than the vote bank. Am a bania but I welcome the decission of FDI in retail sector, Insurance Sector and Real estate sector.
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M Narasimhan - Chennai
Instead of bringing the Wallmart and Tesco, whynot the Central Govt to create a new Wallmart and Tesco in India itself. Indian businessmen are so clever and here are people to ready to invest any size. All they want only little politics and less license raj. Already Reliance Freh, Big Bazar and few others were proved that they can do wonder in retail. Allow indian businessmen to grow as giant and do not allow FDI to grow in India
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Most liked Comments

Rastriya - Delhi
Sir Mr Advani. When are you going to resign. Mr Vajpayee was 100 times better thinker than you sir. You were the same person who had opposed strongly to Induction of IT firms in to India. Do not bring politics in to governance sir. we have seen much drama in last few months. There are corrupt people here in every corner and we can see some short of action is being taken against them crossing the barrier of the party line. Let the second grid leaders like Arun and Sushma speak up their mind and please do not influence their thought and also keep RSS in back pocket because till the time you do not abstain your selves with any specific religious body you can never clean your current image. Please take a leave and go on a yatra to as many dhams possible for peace in mind. more than 50% people of the country want the elected government to do some good for the country and it seems now that they are being opposed to do so in every step by you. So their failure is not because of their inability but because of the issues you are creating. Please support the government on developement issues and think from a peacful mind keeping the countries growth in mind rather than the vote bank. Am a bania but I welcome the decission of FDI in retail sector, Insurance Sector and Real estate sector.



Mak - Delhi
Mr Adwani must explain what was not as imitation in 100% FDI in retail before 10 years as NDA approves under that time finance Minister Mr.Yashwant Snha led group of minister so that what he see imitation in 51% FDI now ?



M Narasimhan - Chennai
Instead of bringing the Wallmart and Tesco, whynot the Central Govt to create a new Wallmart and Tesco in India itself. Indian businessmen are so clever and here are people to ready to invest any size. All they want only little politics and less license raj. Already Reliance Freh, Big Bazar and few others were proved that they can do wonder in retail. Allow indian businessmen to grow as giant and do not allow FDI to grow in India