No 51% FDI retail in WB: Mamata Banerjee

Last Updated: Monday, November 28, 2011 - 21:36

Howrah: West Bengal Chief Minister
Mamata Banerjee on Monday said the state government will not allow
implementation of 51 per cent Foreign Direct Investment in
retail sector in the state.

"We will not allow 51 per cent FDI in retail in West
Bengal. It will affect the livelihood of about five crore
people," the Trinamool Congress chief told reporters here.

The Union Cabinet on November 24 approved 51 per cent FDI
in multi-brand retail paving the way for global giants like
WalMart to open mega stores in cities with population of over
one million.


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First Published: Monday, November 28, 2011 - 21:36

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