Monday 19 November 2012

No going back on FDI in retail: Indian minister

While interacting with the media yesterday, the Indian government was on the offensive and launched a counterattack on the opposition’s threat to challenge permission to foreign companies in multi-brand retail by maintaining that the decision was  “cast in stone”.

“Never in the history of Indian democracy have executive decisions been dragged into Parliament. The government is confident of facing any challenge and will continue with the good work. The prime minister and [United Progressive Alliance chairperson] Sonia Gandhi have demonstrated this policy is cast in stone,’’ said Industry and Commerce Minister  Anand Sharma, while briefing newspersons accompanying Prime Minister Dr. Manmohan Singh to the East Asia Summit in Phnom Penh.

Sharma was very clear about the government’s stand on the issue and this would surely help Singh as he meets various world leaders from the 10 Asean countries and dialogue partners such as the US, Japan, South Korea and Australia. Globally and domestically too the government's ability to implement various policy decisions is being questioned constantly.

 Sharma was also not easy on the media when questioned about the timing of the decision by pointing out that when the government took a decision, its legitimacy was questioned. But when decisions were delayed or trapped in controversy, then it was quickly labelled as “policy paralysis’’ and used to criticise it.

 “It is high time, reality dawns on all of us that sensationalism in recent years has caused enormous damage to India’s image and hurt the economy. There has been constant dialogue and so I am surprised by this talk about good and bad timing executive decision. The decision was taken after intensive consultations with stakeholders for over two years. The government has responded constantly and being a union of states decision, has left the decision [to implement or not to implement] to member states. Agrarian states who have been urging the importance of this initiative can’t be denied,’’ said  Sharma.

No comments:

Post a Comment