Sushma: FDI promotes predatory pricing

December 04, 2012 14:54

"FDI in retail will promote predatory pricing by big retailers and affect the end user. Monopoly will hurt consumers. Big retailers will never compromise on profits," says Swaraj. "McDonald's refuses to buy potatoes from our farmers in Agra because the size of the potatoes do not fit their requirments. As a result, the farmers are forced to sell stocks at low prices," she says. "Apple farmers from Himachal Pradesh will come to your door (industries minister Anand Sharma) beating their heads in frustration. What will you do then?" she asks with furrowed brows.

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