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LATEST NEWS UPDATES | RSS-affiliate Swadeshi Jagran Manch alleges ‘nexus’ in retail trade

RSS-affiliate Swadeshi Jagran Manch alleges ‘nexus’ in retail trade

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published Published on Dec 13, 2020   modified Modified on Dec 14, 2020

-The Hindu

The SJM resolution repeatedly referred to the Reliance Industries’ foray into the retail sector and warned that local kirana stores would be transformed into fulfilment centres for Jio Mart.

The Swadeshi Jagran Manch (SJM) on December 13 demanded that the government not allow a “nexus” of multinational companies and large Indian business houses such as Reliance Industries to dominate the retail industry in the country as it would lead to the exploitation of farmers, kirana store owners, wholesalers and even consumers.

Calling for amendments to the Foreign Direct Investment norms in multi-brand retail to block what it termed as “cunning deals” to circumvent extant restrictions in the policy, the Manch, an affiliate of the RSS, said the government’s response to its repeated complaints about foreign firms violating norms “is not at desirable level”. In a resolution passed on December 13, the SJM also expressed concerns about the amendments to the Essential Commodities Act to lift storage quantity restrictions on all farm products for exporters, super markets and large wholesalers.

Stressing that retail is one of the largest employment generating sectors in the country, the resolution said that the “nexus of MNCs and Indian business should not be allowed to operate in India” as it will hurt a very large population working in local kirana stores, small scale suppliers and consumers at large.

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The Hindu, 13 December, 2020, https://www.thehindu.com/news/national/rss-affiliate-swadeshi-jagran-manch-alleges-nexus-in-retail-trade/article33322051.ece?homepage=true


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