CPI con­demns 51% FDI in re­tail sec­tor

HT Ludhiana Live - - City - HT Live Correspondent ludlivedesk@hin­dus­tan­times.com

LUDHIANA: The district unit of the Com­mu­nist Party of In­dia (CPI) has con­demned the de­ci­sion of the union cabi­net to al­low 51% FDI in re­tail as it will hit hard small pro­duc­ers, traders as well as con­sumers.

The de­ci­sion came at a time when Par­lia­ment was in ses­sion, but not taken into con­fi­dence. This was in com­plete vi­o­la­tion of demo­cratic prin­ci­ples.

The re­ac­tion was ob­vi­ous as not only the op­po­si­tion or the UPA al­lies but also a sec­tion of the Con­gress­men had op­posed the de­ci­sion.

In­ter­na­tional ex­pe­ri­ence re­vealed that with the en­try of these big play­ers in the re­tail busi­ness, small busi­ness­men would be hit hard, as they would not be able to com­pete with the big fish. Their sales had gone down in all such ar­eas around the globe.

In In­dia 33-60% of the tra­di­tional fruit and vegetable re­tail­ers re­ported 15- 30% de­cline in foot­falls, 10- 30% de­cline in sales and 20- 30% de­cline in in­comes across the cities of Ban­ga­lore, Ahmed­abad and Chandi­garh.

The small farm­ers would be hit as su­per­mar­kets would buy only 'A' grade pro­duce, that too on open mar­ket- based prices. More­over, there would be no com­mit­ment to buy reg­u­larly as they did not wanted to share the risk of grow­ers.

As far as the role of FDI­driven food su­per­mar­kets in con­tain­ing food in­fla­tion was con­cerned, the ev­i­dence from the coun­tries of Latin Amer­ica ( Mex­ico, Nicaragua, Ar­gentina), Africa ( Kenya, Mada­gas­car) and Asia ( Thai­land, Viet­nam, In­dia) showed that the su­per­mar­ket prices for fruit and veg­eta­bles and other ba­sic foods were higher than those in tra­di­tional mar­kets.

Even if it was ac­cepted that su­per­mar­kets were able to of­fer lower prices, the low­in­come house­holds might face higher food prices be­cause of rea­sons of dis­tance from su­per­mar­kets and higher prices charged by them.

Sec­re­tary Kar­tar Singh Bowani and as­sis­tant sec­re­tary Dr Arun Mi­tra of the CPI (district unit) de­manded roll­back of the de­ci­sion.

A monthly agri­cul­tural train­ing camp will be or­gan­ised for the mem­bers of the Pun­jab Agri­cul­tural Univer­sity (PAU) kisan club, in­clud­ing ladies wing, un­der the pa­tron­age of Dr MS Gill, PAU, di­rec­tor of ex­ten­sion ed­u­ca­tion.

The camp will take place on De­cem­ber 1 at Dr Bo­ralug Wheat Au­di­to­rium, PAU. Giv­ing con­tours, Dr TS Riar, co­or­di­na­tor of the club, said that the ex­perts would equip the trainees with the man­age­ment and plan­ta­tion of sea­sonal flow­ers and the cul­ti­va­tion of pop­u­lar.

Be­sides pro­vid­ing use­ful mar­ket­ing tips to the par­tic­i­pants, the ex­perts would in­form the ladies wing of the care of clothes and on the post har­vest han­dling and pro­cess­ing of medic­i­nal plants.

The pres­i­dent of the club will in­ter­act with the farmer mem­bers about the fa­cil­i­ties avail­able to them through the club.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.