Traders to take out morcha on Oct 10

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Mumbai, Oct 8 (UNI) Over ten thousand wholesale traders across Maharashtra will take out a Morcha to Azad Maidan in south Mumbai on October 10 to protest the Union Government's proposal of Foreign Direct Investment (FDI) in retail trade and on the issue of amended Apriculture Produce Market Committee (APMC) Act, as enacted by the Maharashtra Government.

This was announced by the Federation of Associations of Maharashtra (FAM) foreign trade committee chairman Mr Chandrakant Shanghvi at a press conference here today.

'' Opposing the union government's recent decision to allow Walmart set up its outlets in india, Mr Shanghvi said, '' the FAM has decided to oppose the move, initiated by the Union Government, in regard to Walmart's entry into retail trade. We have been actively campaigning against it''.

He requested the Government not to make such structural changes in their policy, whereby transnational retailers can set up shops in India through the Franchisee route or under Cash&Carry Wholesale arrangement (by way of partnership with Indian nationals) as is being proposed under the Walmart-Mittal proposal.

FAM has also requested to withdraw the special permission granted to the multinational retailers, large corporate houses and such other companies to transport agricultural produce (Governed by the APMC Act) directly to Mumbai and other parts of Greater Mumbai without bringing the goods to the APMC Complex at Turbhe, Navi Mumbai, as is mandatorily required for all other licensed wholesale dealers.


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