25 September, 2020

Ground Minus One

The TMC threatens to bite the domestic hand; the DMK growls

Sanjay Rawat
Ground Minus One
outlookindia.com
-0001-11-30T00:00:00+05:53

The political tug-of-war over FDI in multi-brand retail has prompted moves of realpolitik by the UPA’s partners, both present and past. While West Bengal CM Mamata Banerjee took the battle to Delhi, the TMC back home aimed a mighty blow and announced it would also oppose domestic investment in the retail sector in the state. From Big Bazaar, Reliance Fresh and Spencer’s to More and Pantaloons, there’s no shortage of organised retailers in West Bengal.

The proposal created a storm of indignation. Dancer Alokananda Ray, who is close to Mamata, says: “I don’t understand politics and I don’t know the pros and cons of FDI, but I know that as a citizen of Calcutta I can’t imagine our city would be deprived of modern amenities like organised retail outlets, which have made life so much more convenient.”

Breaking his silence since the Left defeat in the assembly polls, former state industry minister Nirupam Sen told Outlook that the TMC stance was “detrimental to the economic growth of Bengal”. Recalling...

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