RSS-affiliate labour body opposes government’s FDI decision | india | Hindustan Times
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RSS-affiliate labour body opposes government’s FDI decision

“The BMS has strong objections on FDI hike, especially in retail and defence. We urge the government to call stake holders to resolve their concerns. Failing this will compel us to come on streets,” BMS general secretary Virjesh Upadhyay said.

india Updated: Nov 13, 2015 08:41 IST
HT Correspondent
The Bharatiya Mazdoor Sangh (BMS), in separate letters to the PM and and Finance Minister Arun Jaitley, has also demanded a white paper on the inflow and outflow of the FDI in the country.
The Bharatiya Mazdoor Sangh (BMS), in separate letters to the PM and and Finance Minister Arun Jaitley, has also demanded a white paper on the inflow and outflow of the FDI in the country.(AFP File Photo)

Bharatiya Mazdoor Sangh, the labour organisation affiliated to the Rashtriya Swayamsevak Sangh (RSS), has opposed the BJP-led centre’s decision to ease FDI norms in 15 critical sectors, a move that was aimed at drumming up investment and push growth.

“The BMS has strong objections on FDI hike, especially in retail and defence. We urge the government to call stake holders to resolve their concerns. Failing this will compel us to come on streets,” BMS general secretary Virjesh Upadhyay said.

On Tuesday, the government had eased norms to spur growth in India’s booming e-commerce space, and relaxed restrictive “local sourcing” conditions for single-brand retailers, a move that will likely aid companies such as Swedish furniture maker IKEA’s plans to set up operations in India.

“The crux of these reforms is to further ease, rationalise and simplify the process of foreign investments in the country and to put more and more FDI proposals on automatic route instead of Government route where time and energy of the investors is wasted. It is one more proof of minimum government and maximum governance,” the government said while announcing the decision.

The BMS said it will wait for the government’s decision to initiate discussion on the FDI and review it, failing which the Sangh will protest by taking to the street. The BMS, in separate letters to the PM and and Finance Minister Arun Jaitley, has also demanded a white paper on the inflow and outflow of the FDI in the country.

Upadhyay said allowing FDI in retail will “finish” the local retail sector leading to large-scale unemployment, affecting the poor. He said the FDI that has come into the country so far has flowed out through outflow and is thus not helping the country. On allowing FDI in Defence sector, he said it was not good for the country.

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