NEW DELHI: Even as NDA government brought bold reforms in Foreign Direct Investments, RSS affiliated body Swadeshi Jagaran Manch slammed the move saying it was an attempt to bring FDI in retail through the back door. It also sought a white paper on the FDI saying that it had not helped the economy as more money has gone out than it brought in.
“It is uncalled for especially the relaxing of the sourcing norms. These were there to protect the domestic sector. By relaxing these norms in the name of job creations, they would be against the creation of job,” convenor of the Swadeshi Jagaran Manch, Ashwani Mahajan told Express.
Slamming the move for further easing the Pharma sector, Mahajan said it would lead to monopolisation of the sector. “If at all government had to open, they should have done in the green field,” he added. But now it would lead to taking over sector by a few corporate. “This would be against public health of country and against those 200 countries where we export medicines... It would sound death knell for the retail sector,” Mahajan said adding in the name of ease of doing business, the government was helping the foreigners but making it difficult for the indigenous manufacturers.
Meanwhile, demanding white paper on the issue, Swadeshi Jagaran Manch’s all India prachar pramukh, Deepak Sharma said, “more funds have flowed out of the country than investments that have come in. The government should end the debate for all, by issuing a white paper on its effectiveness.”
He said the stance of SJM has always been clear. We oppose it. Even the BJP in its manifesto had said that they would not bring FDI in retail. Isn’t this allowing FDI in retail through backdoor. We strongly oppose the government’s move,” Sharma told Express.