SME Times is powered by   
Search News
Just in:   • Corporate lending grows at fastest pace in Q1: BOK  • Adani Ports secures 10-year marine services for Argentina's 1st LNG export to India  • Indian auto industry sees best-ever May retail sales at over 25.3 lakh units  • Sensex, Nifty open 1 pc lower amid West Asia tensions, weak global cues  • India, Venezuela discuss deeper energy ties amid crude supply concerns 
Last updated: 27 Sep, 2014  

Anand.9.Thmb.jpg States allowing FDI in retail can't be prevented: Sharma

Anand.9.jpg
   Top Stories
» Sensex, Nifty open 1 pc lower amid West Asia tensions, weak global cues
» India clocks robust 7.7 pc GDP growth in 2025-26, Q4 growth at 7.8 pc
» RBI keeps repo rate unchanged at 5.25 pc, maintains ‘Neutral’ stance
» Crude oil prices fall over 1 pc as ceasefire hopes ease West Asia concerns
» Forced labour import curbs: US proposes up to 12.5 pc tariff on 60 countries, including India
SME Times News Bureau | 30 Jun, 2012

States that want to allow global retailers to open stores cannot be prevented, said Commerce and Industry Minister Anand Sharma on Friday.

Recently, reports that Kerala had endorsed the Centre's plan to allow FDI in retail had kicked up a row in the State. The reports, quoting Anand Sharma, were later denied by chief minister Oommen Chandy who said there was no change in the state's opposition to FDI in the sector and the state government had not sent any letter to the Centre giving consent for it. 

"What Chief Minister of Kerala had said, that is in public domain, he had made a statement . . .. That there are states that have reservations and Kerala has its reservations and Kerala may not implement it. However, he did say that they also respect the rights of the other states," Sharma said in a press statement. 

"So those states who want to have it, they cannot be prevented, " he added.

Sharma added that while Kerala has opposed the proposal, Assam chief minister Tarun Gogoi had commented that they want it.

"So, what's wrong with that? Neither Chief Minister has said something which is, which can be faulted or objected to; nor I have said anything which is being objected to," he added.

"Well I fail to understand why this controversy is being created. There has been a national discussion, as the government has been engaged in the efforts to build a consensus after the decision was taken to have FDI in multi-brand retail . . . . It's not a question of any Chief Minister . . .," he added.

The commerce minister said that Chief Ministers of large agrarian states, like Maharashtra, Andhra Pradesh, Assam, and Punjab are in favour of FDI in retail. 

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹94.2
₹92.5
UK Pound
₹128.85
₹124.8
Euro
₹112.2
₹108.45
Japanese Yen ₹59.85 ₹58
As on 06 May, 2026
  Daily Poll
What is the biggest war impact on MSMEs?
 Export Disruption
 Raw Material Spike
 Freight Cost Surge
 Payment Delays
 Currency Volatility
 All
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter