Aug 21, 2013

Traders’ body plans rally against FDI

Opposing Centre’s decision allowing foreign direct investment (FDI) in multi-brand retail and the Food Safety and Standards Act, the Tamil Nadu Vanigar Sangankalin Peramaippu has decided to take out a rally in Chennai towards the Raj Bhavan on November 19. A resolution to this effect was adopted at the conclusion of the Peramaippu’s State, regional and district level office bearers meeting held here on Tuesday.
Briefing reporters soon after the meeting, its state president A.M. Vikramaraja said the Peramaippu had been consistently opposing the Central government’s decision allowing FDI in multi-brand retail as it would affect the livelihood of the trading community across the country. About 20 lakh traders in Tamil Nadu would be affected, he said alleging that the Central government was trying to destroy the livelihood of the trading community.
Accepting the demands of the multinationals such as the Walmart, the Centre had relaxed certain preconditions and had “surrendered” to foreign companies, he alleged. Mr. Vikramaja said entry of multi-nationals in the retail sector would not create jobs .
Urging the Centre to stop implementing the Food Safety and Standards Act as it affected those involved in the food industry, the Peramaippu wanted drastic changes in the Act. A special meeting of the traders body at the national level would be held on September 3 and 4 at Raipur in Chhattisgarh.

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