#40
No FDI In Retail
Our government will continue with its decision of not allowing FDI in retail in Delhi.
Project Updates

The Delhi government has said it will not allow entry of foreign direct investment in the capital's retail sector, saying that it will be detrimental to the interests of traders in the city.

Proof

Delhi govt will not allow entry of FDI in retail sector in the national capital It does not endorse the Centre’s policy released on Wednesday. Dated 13-5-2015 Delhi government will not allow the entry of Foreign Direct Investment (FDI) in the retail sector in the national capital. The stand of Delhi government, which was communicated to the Department of Industrial Policy and Promotion (DIPP) of the Union Commerce and Industry Ministry, on January 14 2014 (last year), remains unchanged. Delhi government is of the clear view that the national capital at this juncture is not ready to disturb the character of retail trade. Entry of FDI in the retail sector will be detrimental to the interests of traders and will lead to unemployment. Chief Minister Mr Arvind Kejriwal has made it clear that the approval granted by the then state government headed by Mrs Sheila Dikshit in 2012, was withdrawn in January 2014 and the decision remains unchanged. Delhi government will reiterate its stand to the central government to remove all ambiguity on the issue, which may arise due to the fresh policy document of the Centre released on Wednesday. Delhi government does not have blind opposition to the FDI, but it is of the firm view that the national capital does not require its entry in the retail sector at this juncture.

Proof