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LATEST NEWS UPDATES | FDI in retail: Where states stand

FDI in retail: Where states stand

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published Published on Sep 15, 2012   modified Modified on Sep 15, 2012
-The Times of India

The government has allowed foreign investment in a host of sectors including multi-brand retail and civil aviation.

The UPA government can expect a roaring reception from the financial markets following the decision. It can also prove to be a mood-enhancer for the Congress-led government as it heads into state polls in Himachal Pradesh and Gujarat. Here is how heads of various states responded to the government's decision:

Will rollout

Haryana - Farmers will get good price and consumers will benefit. FDI in retail is welcome in Haryana, says CM Bhupinder Singh Hooda.

Maharashtra - State all for the reform, says CM Prithviraj Chavan. 'It will promote transparency, accountability and remove supply chain hurdles.'

Delhi - 'Great step forward. Will mean quality food, jobs galore and equitable pricing,' says Sheila Dikshit.

Rajasthan - According to CM Ashok Gehlot, move will improve availability of quality goods, enhance competitiveness and unlock true potential of the agricultural value-chain.

Assam - Happy with the decision; CM in favour of FDI in retail, says agriculture minister Nilamani Sen Deka.

Won't

Gujarat - 'I don't know what PM is doing. Small businessmen will be forced to down their shutters now,' says Narendra Modi.

Kerala - Ruling UDF and opposition LDF united in opposing FDI in retail.

Odisha - Firmly against. CM Naveen Patnaik had last year called it 'ill advised and highly regressive'.

Uttar Pradesh - CM Akhilesh earlier said his party may support FDI if convinced it'll help small farmers, but papa Mulayam ruled against it.

West Bengal -Ruling Trinamool has given Centre 72-hour to 'rethink' diesel price hike and FDI in retail.

Madhya Pradesh - Move will hit small traders and grocers. 'We won't implement it,' says CM Shivraj Singh Chouhan.

Bihar - Local retailers will be marginalized and millions of jobs will be lost, according to CM Nitish Kumar.

Not decided

Karnataka - Jagadish Shettar govt will go through contents of policy before deciding, says state industries minister Murugesh Nirani.

Punjab - Will study the fine print and then react, says CM Parkash Singh Badal.

Jharkhand - Will decide after consulting people of state and local businessmen, says CM Arjun Munda.

The Times of India, 15 September, 2012, http://timesofindia.indiatimes.com/india/FDI-in-retail-Where-states-stand/articleshow/16406791.cms


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