FDI in retail will help India: Patel

By Indo Asian News Service | Wednesday, December 05, 2012 | 2:39:25 PM IST (+05:30 GMT) Comment 0 Comment

New Delhi, Dec 5 (IANS) NCP leader Praful Patel Wednesday said that FDI in retail trade will help India to progress.

New Delhi, Dec 5 (IANS) NCP leader Praful Patel Wednesday said that FDI in retail trade will help India to progress.

"FDI in retail is the need of the nation. It will help the nation progress," Patel said while taking part in a parliamentary debate on the decision to allow foreign direct investment in multi-brand trade.

"The apprehensions are uncalled for. We have to move with time. The youth want to move ahead with time and stand on their own feet," the Nationalist Congress Party (NCP) MP said.

"Just as we are opposing FDI in retail, in America, they are protesting import of software from India. Should we not export to them?"

He said FDI in retail would also help farmers. "The sourcing of materials will be local. Farmers will benefit."

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