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LATEST NEWS UPDATES | FDI: Government trying to get Mamata Banerjee's support

FDI: Government trying to get Mamata Banerjee's support

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published Published on Sep 13, 2012   modified Modified on Sep 13, 2012
-The Economic Times

The government has revived its efforts to get Trinamool Congress on board its plans to ease foreign investment rules for civil aviation and muti-brand retail. Civil aviation minister Ajit Singh is expected to discuss the issue of allowing foreign airlines to buy stake in Indian carriers with chief minister Mamata Banerjee on September 14.

Government leaders had tried to work out a consensus on the two issues at the last meeting of UPA's coordination panel. Banerjee thwarted discussions on the ground that it was not part of the agenda. The PM had promised to hold another meeting to debate the issue. "We are opposed to changing FDI rules for multi-brand retail. We had said this in our election manifesto," said Trinamool leader of the Lok Sabha, Sudip Badopadhyay. This stand does not augur well for the government. Senior ministers of the government have been telling industry leaders that FDI proposals will become operational by mid-September.

Government leaders are hopeful of progress in the civil aviation FDI proposal as other constituents of the UPA are backing the decision. "Banerjee may not oppose FDI in civil aviation the way she is resisting foreign capital in multi-brand retail," said a government who did not wish to be identified. But there is acknowledgement that retail FDI may not be easy as BJP, BSP, SP, AIADMK, Left, JD(U) and BJD have made public their opposition to the move.

The Economic Times, 13 September, 2012, http://economictimes.indiatimes.com/news/politics/nation/fdi-government-trying-to-get-mamata-banerjees-support/articleshow/16375449.cms


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