RSS-affiliate Swadeshi Jagran Manch alleges ‘nexus’ in retail trade
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The SJM decision repeatedly referred to the Reliance Industries’ foray into the retail sector and warned that native kirana shops could be reworked into fulfilment centres for Jio Mart.
The Swadeshi Jagran Manch (SJM) on December 13 demanded that the federal government not enable a “nexus” of multinational corporations and huge Indian enterprise homes corresponding to Reliance Industries to dominate the retail trade in the nation as it will result in the exploitation of farmers, kirana retailer homeowners, wholesalers and even customers.
Calling for amendments to the Foreign Direct Investment norms in multi-brand retail to dam what it termed as “cunning deals” to bypass extant restrictions in the coverage, the Manch, an affiliate of the RSS, stated the federal government’s response to its repeated complaints about international companies violating norms “is not at desirable level”. In a decision handed on December 13, the SJM additionally expressed considerations in regards to the amendments to the Essential Commodities Act to carry storage amount restrictions on all farm merchandise for exporters, tremendous markets and huge wholesalers.
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Stressing that retail is among the largest employment producing sectors in the nation, the decision stated that the “nexus of MNCs and Indian business should not be allowed to operate in India” as it’s going to harm a really giant inhabitants working in native kirana shops, small scale suppliers and customers at giant.
Warning over Reliance
The decision repeatedly referred to the Reliance Industries’ foray into the retail sector and warned that native kirana shops could be reworked into fulfilment centres for Jio Mart and wholesalers transformed to warehousing heaps for JioMart and Reliance Retail.
Referring to Reliance Retail’s acquisition of Future Group’s retail enterprise and e-pharmacy NetMeds, the decision said that chemists will even have to compete with on-line distributors.
“It is suspected that more than 38% of retail market shall be with Reliance Industries Ltd alone. These developments would result in monopolistic situation where a single party shall not only be able to exploit suppliers and farmers by making purchases at cheaper rates but would also be able to exploit the consumers by offering goods at higher prices in the absence of competition in the market,” the SJM famous.
“The government should examine critically the real impact of such developments on the overall employment in the unorganised retail as well as on the consumers at large. Sale of medicines through e-commerce should not be permitted keeping in view the law of the land and the likely impact on health safety of the population,” the decision demanded.
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“FDI norms should be suitable amended to block the entry of MNCs in multi brand retail trade in India in any format directly or indirectly,” it added.
