India's govt ready to face challenge on FDI decision in Par, says Sharma
ON BOARD PM'S SPECIAL PLANE
Hitting out at the opposition for their plans to "drag" decision on FDI to Indian parliament, India's govt on Monday said the "shrill discourse" and "sensationalism" over the last few years have caused enormous damage to India's image and hoped the enthusiasm of foreign investors would now be bolstered by recent firm moves.
India's Commerce Minister Anand Sharma made it clear that there will be no going back on allowing 51 percent FDI in multi- brand retail as it is a "decision cast in stone" and said India's govt is ready to face any challenge in Indian parliament.
Speaking ahead of the Indian parliament session when Opposition is planning to press motions, including No-Confidence Motion over the FDI issue, he asserted that a government cannot be expected to have "vetting of its policy and endorsement of executive decisions either by ideological opponents, some of whom have blinkers on or those who have partisan agenda." Talking to journalists en route to Phnom Penh along with Indian Prime Minisiter Manmohan Singh, Sharma said, "It is high time that a realisation dawns upon all concerned that shrill discourse and sensationalisation in recent years has caused enormous damage to India's image, the investment climate and hurt India's economy."
Asked to comment on a move by former UPA ally Trinamool Congress to bring NoConfidence Motion on FDI during the Winter Session of Indian parliament beginning on November 22, Sharma said, "in a democracy, there can be difference of opinion and it is expected of the opponents of India's govt to take a position with regard to policy decisions.
At the same time, the Minister asserted, "India's govt is confident" of demonstrating its majority in Indian parliament and "facing any challenge and continuing with its good work."
To questions over whether timing of FDI decision was right, Sharma shot back, saying he was surprised over such queries.
He asserted that India's govt had taken the decision on allowing FDI in multi-brand retail in a "considered manner" looking at the interest of farmers and jobs and after thorough consultations spread over two years with stake-holders like farmers, consumers and all the states.
While talking about the damage caused to India's interests by "sensationalism," the Minister hoped that the confidence of investors in India's policy regime has been "bolstered and reinforced with the firmness" and "clarity of mind" that India's govt has demonstrated in taking decisions and to make India one of the most investor-friendly countries.