FDI in retail: Traders shut shops in TN, Pondy

Shop owners in Tamil Nadu downed their shutters on Thursday protesting against Centre`s decision to allow 51 per cent equity in multi-brand retail.

Last Updated: Dec 01, 2011, 11:24 AM IST

Chennai: Shop owners in Tamil Nadu downed
their shutters on Thursday protesting against Centre`s decision to
allow 51 per cent equity in multi-brand retail.

Nearly 20 lakh traders in the state were participating in
the dawn-to-dusk strike spearheaded by Tamil Nadu Vanigar
Sangakalin Peravai, a body representing traders.

The Peravai leaders wanted the Centre to roll back the
decision as FDI in retail trade would "harm" shop owners and
workers.

The famous Koyambedu Vegetable Market in Chennai was also
closed for the day as a mark of protest.

However, hotels are not participating in the strike.

Chief Minister J Jayalalithaa had strongly condemned the
decision, alleging it was taken under pressure from a few
retail giants. Tamil Nadu government would not allow
multi-brand global players to set up their markets in the
state, she had stated.

DMK President M Karunanidhi, who`s party is an ally in
the the ruling UPA, had also raised apprehensions over the
Centre`s decision and demanded the decision be withdrawn
immediately.

A report from Puducherry said all shops and business
establishments downed their shutters to register their protest
against the Centre`s decision.

The bandh was called by Puducherry Chamber of Commerce.
Various political parties have also supported the bandh.

PTI