FDI in retail is wrong step of Govt: Mahajan

Source: The Hitavada      Date: 03 Oct 2018 10:32:03


Business Bureau,

Calling the trade bandh on September 28 a big success, Ashwani Mahajan, Co-Convener of Swadeshi Jagran Manch (SJM) on Tuesday said that the Government will have to scrap the Walmart-Flipkart deal. Mahajan was talking to media persons here. Dhananjay Bhide, National Exeutive Council Member of SJM was also present on the occasion.
Since 2015, the Swadeshi Jagran Manch has been opposing e-commerce and foreign direct investment (FDI), saying
that it would destroy country’s small traders.

Highlighting that FDI in retail was a wrong step by the Government, he said that the e-commerce companies can neither pass on discount nor keep inventory. “SJM has asked the Department of Industrial Policy and Promotion (DIPP) to withdraw the clause that enables Indian-owned and Indian-controlled to hold inventory fearing FDI in multi-brand retail,” he said adding that SJM also seeks laws to prevent exploitation of vendors who are not paid timely by the e-commerce firms.

SJM has recently lodged a complaint at Enforcement Director of Commerce Department and Reserve Bank of India (RBI) in this regard. He said that the fate of the more than 8.5 lakh pharmacists and other retail traders would be in dark if the Government permits e-commerce companies to operate.

Appreciating the termination Nachiket Mor, Director of RBI Board and Head of Bill and Melinda Gates Foundation (BMGF) Mahajan alleged that the foundation is nothing but a commercial organisation which is promoting products in the country.

“After the SJM’s allegation on BMGF, the Union Home Ministry is keeping a close watch on the foundation and its activities,” he said. It is being alleged that the foundation was working for multinational companies and influencing Government policies on health and agriculture.

He also pointed that Food Safety and Standards Authority of India (FSSAI) had hand in glows with big companies and avoiding testing their food samples. “Synthetic Vitamins are served and the multi nationals are the biggest players in this field in then country,” Mahajan said demanding that there must be a special cell in the Ministry of Commerce to check and control the entry of Chinese products in the country.

Mahajan has worked as an author and columnist. An Associate Professor at PGDAV College, Delhi. Mahajan is Chief Editor of Journal of Contemporary Indian Polity and Economy since 2011. Mahajan is also a visiting professor and research guide at Pacific University, Udaipur and Mewar University. He works as a researcher and activist on World Trade Organisation (WTO) and other international trade agreements. He has attended three ministerial conferences of WTO held at Geneva, Bali and Nairobi, as representative of Swadeshi Jagran Foundation, which is an accredited NGO with WTO.