FDI promises will NOT be met, warns Yechury

December 06, 2012 15:27

Sitaram Yechury talks about the 2008 Indo-US nuclear deal. "At the time, the advertisments that were used to push the government's agenda spoke about how the students in rural areas would be able study in the night without power outages and how farmers and shopkeepers in villages would benefit. But it's been four years since and there are 15-hour power cuts in villages. So, what happened to that promise? Nothing. Which is exactly what will happen when FDI becomes a reality in this country. Promises that FDI will generate more employment are an eyewash. It is always a fact that MNCs will think of their own profits, and not ours," says Yechury.

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