FDI in retail will help India: Patel

FDI in retail will help India: PatelNew Delhi, Dec 5 : 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." (IANS)


Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate

Popular Stories

Sufi legend Begum Yaman passes away at 52

New Delhi [India], Apr 28 : Famous sufi singer and... Read More

No farmer committed suicide over drought: TN Govt. to SC

New Delhi [India], Apr. 28 : In a development bound... Read More

Never took studies as 'burden', says JEE 2017 topper

Udaipur (Rajsthan) [India], Apr 28 : Kalpit Veerwal... Read More

Narada sting: ED files case against TMC leaders

New Delhi [India], Apr. 28 : After the Central... Read More

UP STF raids petrol pumps, eight caught using cheating chip

Lucknow (Uttar Pradesh), April 28 : The special... Read More

UP school issues bizarre diktat: Yogi haircut

Meerut (Uttar Pradesh) [India], Apr 28 : In a... Read More