Why debate on FDI, asks Sibal

Tue, Dec 4 2012 16:45 IST | 1 Views | Add your comment
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New Delhi, Dec 4

Defending the government's decision to allow foreign investment in multi-brand retail, Communications and IT Minister Kapil Sibal asked in the Lok Sabha Tuesday whether the issue needed to be debated in parliament at all.

"I wonder, why this debate," Sibal said during the debate in the Lok Sabha on foreign direct investment (FDI) in retail.

He said a new kind of federal structure was being suggested in the country by the opposition, which was ignoring the fact that the policy allowed the states whether or not to permit an FDI project in retail.

"But how can you stop a chief minister from bringing in FDI in retail if he so wants," he asked.

As per the policy, only 18 cities in India can have such stores, the minister said.

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