Sushil Modi hints at strong opposition to FDI in retail

Image
Press Trust of India Patna
Last Updated : Jan 20 2013 | 4:33 AM IST

Decision would be taken soon with respect to a letter written by the Centre on the issue of FDI. "We expect an early decision by Chief Minister Nitish Kumar on this," he told newsmen here.

Modi, who also holds the finance portfolio, said both allies of NDA -- JD(U) and BJP -- were opposed to FDI in multi-brand retail sector.

"FDI in retail will render more than four crore people jobless in Bihar," he said, adding that both the parties have been objecting to FDI in retail.

  

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 24 2012 | 7:36 PM IST

Next Story