SME Times News Bureau | 20 Jul, 2012
Union Commerce
Minister Anand Sharma Thursday said that the proposal to allow foreign direct
investment (FDI) in the retail sector has been kept in abeyance for the time
being till all the chief ministers' response is received.
Addressing media here after meeting the chief ministers of Punjab and Haryana
separately, the union minister said that some chief ministers were yet to
respond to the proposal and so the matter was held in abeyance.
Sharma said he would like all chief ministers to state their views on this
issue before taking a final decision.
"Since our country is a union of states, we abide by its federal character
and, therefore, are bound by the consensus on the issue," Sharma said.
Asked if the Punjab government had made its stand clear on the issue, Sharma
said that state had not commented on it yet.
The ruling Shiromani Akali Dal in Punjab had first welcomed FDI in retail sector
but later changed its stand and started opposing it. The Akali Dal has an
alliance government with the Bharatiya Janata Party (BJP) in Punjab. The BJP
and BJP-ruled states are opposing the FDI in retail.