DMK will not support decision to allow FDI in retail: Karuna

Breaking his silence on FDI in multi-brand retail, DMK chief M Karunanidhi today said his party will not support the Centre's decision to allow foreign investment in the sector.

Breaking his silence on FDI in multi-brand retail, DMK chief M Karunanidhi on Tuesday said his party will not support the Centre's decision to allow foreign investment in the sector.

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"We are not in favour of the decision to allow FDI (in multi-brand retail)," he told reporters.

DMK, a key constituent of the ruling UPA government, had recently refused to clarify its stand on the decision to allow FDI in multi-brand retail.

"Small and medium retail traders in Tamil Nadu are apprehensive that Foreign Direct Investment would greatly affect them. We would discuss and take a decision on this (FDI) keeping their interest in mind," Karunanidhi had said last week.