Emphasising that foreign direct investment (FDI) in retail would impact small shop owners, farmers and small-scale industries, Mayawati appealed to the central government not to implement the policy in haste.
“Inviting FDI in retail without clauses for the use of local produce would mean an invitation to foreigners to earn maximum profits here. FDI in retail will affect farmers and small traders,” she said.
“We don’t support FDI in retail. Without seeing the results, we cannot currently support the policy to introduce FDI in retail. We will decide about voting on the floor of the house as we also don’t want to stand by communal parties,” she said.
The BSP chief however said, the good part of the FDI policy was that it won’t be imposed in non-Congress-ruled states.