Farmers support FDI in retail, says PM

December 08, 2012 12:20

The decision on Foreign Direct Investment in retail is supported by farmer organisations, said Prime Minister Manmohan Singh today.

"FDI in retail will introduce new technology. I am confident that it will benefit farmers and consumers," he added.

The UPA government managed an easy win in the Rajya Sabha when FDI in multi-brand retail came up for voting yesterday. 123 members voted against the motion while 109 voted in favour after a two-day animated debate during which the Opposition attacked the proposal to allow 51 per cent FDI in multi-brand retail, while the government strongly justified it saying it was in the best interest of the country.

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