Well as the Modi government takes over the reign of the county; some of the long impending issues have started falling into places. While previously there were hush hush talks regarding BJP’s take on certain argumentative issues, things have started becoming clearer by the day, with most of the ministers taking charge of their respective ministries.
Among the many debatable topics awaiting their fate at the BJP government, the one that is charting the most these days is the FDI (Foreign Direct Investment) in retail. BJP has time and again voiced their opinion on how FDI will adversely affect the Indian traders. And reaffirming its stand on FDI in multi-brand retail, new Commerce and Industry Minister Nirmala Sitharaman made it clear that foreign players will not be allowed to open mega stores in the country as it may adversely impact the small traders and farmers.
In its manifesto, the BJP said it would allow FDI across sectors wherever needed for job and asset creation, infrastructure, and acquisition of niche technology and specialized expertise, but not in supermarkets. The BJP is committed to protecting the interest of small and medium retailers, SMEs and those employed by them.
Well, now time will only decide whether the step taken was in the right direction or not. By the way, what does it mean the foreign investors in retail segment? Aah! Your guess is as good as mine.