BJP on Friday said allowing FDI in multi-brand retail cannot be an economic model for India and indicated states in which the party is in power may thwart any move by companies like Walmart to set up shop there.
“Allowing FDI in retail is a lopsided decision. Walmart is not the solution to our economic problems. Walmart and Carrefour cannot be an economic model for us.... Why do you (UPA government) want to bring a US ailment here?” BJP leader Mr Murli Manohar Joshi told reporters here.
The party, which created an uproar in Parliament today over government’s decision to allow 51 per cent FDI in multi-brand retail and 100 per cent FDI in single-brand, is mulling over bringing an adjournment motion in Lok Sabha on the issue on Monday.
“You (government) have created this problem.... The Rupee is falling due to your wrong policies. Don’t bring a US solution. Indian problems need Indian solutions,” Mr Joshi said.
While BJP is planning to protest against this policy inside and outside Parliament, it also indicated that states where the party is in power may not permit these foreign companies to establish themselves.
Asked specifically about this, Joshi said “not only the BJP-ruled states but even states where Congress is in power should oppose them.”
Party sources said since land and local bodies fall under the jurisdiction of the state governments, enough impediments can be created to prevent such foreign companies from establishing themselves.