Lok Sabha Debates
Issue Regarding Proposed Policy Fo Fdi In Retail Sector. on 3 May, 2005
an> Title: Issue regarding proposed policy fo FDI in Retail Sector.
SHRI SANTASRI CHATTERJEE (SERAMPORE): I would like to draw a matter of very urgent public importance. There is a proposal to bring FDI in retail trade, which is causing a great concern. The danger of foreign invasion in retail market is looming large. If FDI is permitted in Indian retail market, the foreigners will capture at least 20 per cent of Indian market. More than 80 lakh of employees in retail shops will lose their jobs because 98 per cent of retail market is in unorganised sector. But the contribution of this sector in GDP is 14 per cent and it gives employment of the order of seven per cent of total workforce in the country. Thus, it is one of the pillars of Indian economy. According to Evolution of Food Retail Chains, there are 1,11,65,000 shops in India. The density of these retail shops is the highest in India. According to the survey of international consultants, A.C. Nilson and K.S.A. Technopack., there are 11 shops per every 1000 population. Since 98 per cent of these shops are in unorganised sector, employing 3.95 crore people, they are out of the ambit of labour laws in the country.
So, I request the hon. Minister of Finance not to do anything which may cause serious repercussions on the Indian economy. Let the Government come down very seriously to safeguard our national interest[R13] .
13.00 hrs. प्रो. राम गोपाल यादव (सम्भल) : अध्यक्ष महोदय, यह मामला बहुत गम्भीर है. माननीय रेल मंत्री बैठे हैं। वह इस बारे में यहां स्थिति स्पष्ट करें।
श्री रामजीलाल सुमन (फ़िरोज़ाबाद) : अध्यक्ष महोदय, यह सांसदों की प्रतिष्ठा और गरिमा का सवाल है। …( व्यवधान)
अध्यक्ष महोदय: मैंने उसके लिए पहले ही ऐलान कर दिया कि हम इस बारे में सोच रहे हैं।
I am having serious consideration. Now, Mr. Lal Singh to speak.