People's Democracy

(Weekly Organ of the Communist Party of India (Marxist)


Vol. XXXVI

No. 43

October 28, 2012

Hold Conventions on FDI in Retail Trade

 

Through a joint missive, issued on October 16, 2012, the Communist Party of India (Marxist), the Communist Party of India, the All India Forward Bloc and the Revolutionary Socialist Party have directed all their committees, units and cadres to hold conventions at various levels on the issue of foreign direct investment (FDI) in retail trade and mobilise public opinion against the government’s recent decision for this sector. The text follows.

 

THE UPA government has announced that 51 per cent FDI will be allowed into multi-brand retail trade.  The entry of foreign supermarket chains like Walmart will affect the livelihood of a large number of shopkeepers and traders. Once the foreign chains establish themselves, then they will start dictating prices to the farmers for their produce. The Left parties have been consistently opposing the entry of FDI in retail trade. It is necessary to mobilise public opinion and to build up a broad-based movement against the entry of foreign supermarket chains.

 

The Left parties have, therefore, decided to take the initiative to organise conventions against the FDI in retail in the month of November 2012. Such conventions should be held in the state capitals and other major cities. It should be ensured that conventions are held in the state capitals of the states where there are Congress governments as they have all agreed to allow FDI in retail in their states. 

 

A special effort should be made to involve different sections of people like shopkeepers, retail traders, small business organisations, lawyers, intellectuals and prominent personalities in these conventions.

 

The title of the convention should be Stop FDI in retail trade; No to Walmart.”

 

All state units of the CPI(M), CPI, AIFB and RSP are requested to immediately chalk out plans for the holding of the conventions.

 

The signatories to the missive are Prakash Karat, S Sudhakar Reddy, Debabrata Biswas and T J Chandrachoodan, general secretaries of the CPI(M), CPI, FB and RSP respectively.