Sibal punches holes in BJP's arguments
December 04, 2012  16:33
So Sibal's defence on FDI is that the choice rests with the state governments and that the BJP's claims are exaggerated.
Pandemonium prevails, tempers flair in the Lok Sabha.
Sibal begins a point-by-point rebuttal. Sibal cites Walmart's failure in China to rebut Swaraj's claim that Walmart kills local businesses, implying that it is always successful.
Sibal quotes BJP's Jaswant Singh in 2004, from the party's manifesto: "Don't underestimate the Indian sherbet, it will survive and survives drinks like Pepsi and Coca Cola. We will allow foreign investment in the unincorporated sector."

Sibal thunders, "Tell us, How will foreign investors invest in the unincorporated sector? Who is willing to invest in villages. It's been eight years and we are still waiting for an answer."
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