India: Traders take action over FDI.

10,000 traders from the Agriculture Produce Market Committee (APMC), Maharashtra, have decided to move the Supreme Court against the recent Parliament approval to FDI in Retail.

The traders fear the loss of their livelihoods if FDI comes to fruition.

Kirti Rana, director of the APMC market, said, "Approval of FDI in both the Houses shows that government is the biggest middleman of Wal-Mart and other giants."

He said he had no confidence in FDI to bring employment and said that the APMC already provided employment to many people. Of participating retailers he said, "They will give good rates initially but once they establish, they will manipulate the market."

"We will not lose the battle easily but 10,000 traders from all over Maharashtra will go to the Supreme Court and at any cost will not allow FDI in Retail even if we need to cross the limit."


Source : freshplaza.com