DMK will not support decision to allow FDI in retail: Karuna

Updated: Tuesday, November 20, 2012, 11:56 [IST]
 
'DMK will not support FDI in retail'

Chennai, Nov 19: Breaking his silence on FDI in multi-brand retail, DMK chief M Karunanidhi on Monday said his party will not support the Centre's decision to allow foreign investment in the sector.

"We are not in favour of the decision to allow FDI (in multi-brand retail)," he told reporters responding to a query on what was the DMK's stand on the FDI issue. DMK, a key constituent of the ruling UPA government, had recently refused to clarify its stand on the decision to allow FDI in multi-brand retail.

"Small and medium retail traders in Tamil Nadu are apprehensive that Foreign Direct Investment would greatly affect them. We would discuss and take a decision on this (FDI) keeping their interest in mind," Karunanidhi had said last week.

PTI


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