Dr Nara cautions on FDI in retail
Source: Hueiyen News Service
Imphal, December 06 2011:
State Secretary of CPI Dr M Nara has cautioned that if the controversial issue of allowing 51 per cent foreign direct investment (FDI) in multi-brand retail trade in India is implemented, armed insurgents would come out from every household in Manipur.
Inaugurating a campaign against 'FDI in retail trade' at Irabot Bhavan here today, he contended that allowing 51 percent foreign direct investment in the retail market would only make the rich richer and the poor poorer.
Uninterrupted inflow of cheaper goods from foreign countries would give a serious blow to the native products of our farmer and artisans.
If all the available works were to be taken over by machines, where would our farmers and artisans go?, he questioned, adding that such a situation would create a perfect breeding ground for more armed insurgents.
Dr Nara reminded that Britisher first came to India as trader but after taking complete control of the economy of the country, became the ruler.
The concept of FDI in retail trade would be nothing short of such an expansionist policy.
It is a trap laid out with false promise of an economic boom and the profit-making-dream of Dr Manmohan Singh would shatter plunging the country in debt.
The campaign is being launched to make the people of Manipur aware of the possible fallouts of FDI in retail sector even though the Parliament has already taken a resolution against its implementation, Dr Nara explained.
Other party leaders including L Iboyaima, B Sharma, Thoirel, A Lala and Secretary of AITUC L Sotinkumar were also present at the inauguration of the campaign.
The campaign is being launched under the aegis of AITUC.