New Delhi: Finance Minister Arun Jaitley had tried to justify the stand of Government toward Foreign Direct Investment (FDI) and said that the BJP was “never” in favour of allowing Foreign Direct Investment (FDI) in multi-brand retail and a recent government notification only published the extant policy on it.
Arun Jaitley said, “Let’s be very clear. What the DIPP (Department of Industrial Policy and Promotion) did was publish the existing policy and so far what was decided by the UPA is continuing, the fact that the BJP was never in favour of this decision is publicly known.”
While responding to a question on the DIPP in its FDI policy compendium stating that 51 per cent foreign direct investment was permitted in the multi-brand retail sector.
He said, “If somebody asked me what is your view, I said BJP is never in favour of this.”
Asked that what is stopping the government to reverse the decision of the UPA government on the sector, he said: “Leave something for the government also.”
Bureau Report
Leave a Reply