FDI in e-commerce will play havoc with 5 crore small traders: Congress | india | Hindustan Times
Today in New Delhi, India
Sep 22, 2017-Friday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

FDI in e-commerce will play havoc with 5 crore small traders: Congress

The Congress criticised the Modi government’s decision to allow 100% foreign direct investment (FDI) in e-commerce retailing.

india Updated: Mar 31, 2016 01:06 IST
HT Correspondent
The Congress criticised the Modi government’s decision to allow 100% foreign direct investment (FDI) in e-commerce retailing.
The Congress criticised the Modi government’s decision to allow 100% foreign direct investment (FDI) in e-commerce retailing.

The Congress on Wednesday criticised the Modi government’s decision to allow 100% foreign direct investment (FDI) in e-commerce retailing, saying the move will “play havoc” with five crore retailers already facing the brunt of economic slowdown.

“The decision will harm the interests of the country and especially hit small businessmen,” senior Congress leader Anand Sharma said.

He attacked Prime Minister Narendra Modi, saying he as the Gujarat chief minister was at the forefront to oppose the Congress-led UPA government’s decision to open the country to multi-brand retail to help boost the economy.

Sharma, a former Union commerce minister, claimed that while the UPA government had taken all precautions to protect small businessmen, the NDA’s move has come as a “bolt from the blue” for traders.

“Already the retail trade is plagued by problems with e-commerce gaining ground,” he said.

The Congress also attacked the government on allowing Pakistani probe team to visit Pathankot. “The team was allowed in India to cover up the PM’s failure,” Sharma said. He warned that the opposition would raise the whole matter in the coming session of Parliament. “We will not allow the PM to maintain silence as usual,” he said.