New Delhi: In a major move, the Arvind Kejriwal government in Delhi has written to the Department of Industrial Policy and Promotion (DIPP) on not allowing FDI funded stores in Delhi. With this, Delhi has become the first state to withdraw permission for FDI funded retail stores.
The previous Delhi government under Sheila Dikshit had allowed FDI in multi-brand retail in Delhi. The DIPP is now examining the letter sent by the Delhi government on withdrawing permission for FDI in multi-brand retail.
Doing away with FDI was one of the steps AAP had mentioned in its manifesto before elections in Delhi in December 2013.
States have to intimate DIPP about allowing FDI funded stores. The states that allow FDI funded stores include Maharashtra, Karnataka and Andhra Pradesh.
Kejriwal had been opposed to FDI in retail. In 2012, Kejriwal had said, "The Walmart experience shows that farmers in the US were not benefitted, but deprived besides being a very bad employer."
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