FDI in retail not a threat to kirana shops: Montek

September 23, 2012 13:55

Allying fears that opening up of the retail sector for FDI will hurt small kirana shops, Plan Panel Deputy Chairman Montek Singh Ahluwalia today said modern retail is an expanding segment and it would more than double in a very short time.

"I don't think FDI in retail is threat to small retailers. Modern retail is the expanding segment. Those who say that the small sector would be hurt, I think they are wrong by the way," Ahluwalia said in a CNN-IBN TV programme Devil's Advocate.

Asked that the much-hyped reform was once opposed by Prime Minister Manmohan Singh as then Leader of the Opposition in Rajya Sabha in 2002, Ahluwalia said, "I don't recall what was said by every person on every day. Things move forward, perceptions change, circumstances change. I don't think that there is any lack of clarity on FDI in retail. BJP was at that time pro-reform."

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