<p>FDI in multi-brand retail without adequate safeguards will lead to widespread displacement and poor treatment of Indian workers in logistics, agriculture and manufacturing, the government today cited a global report on Wal-Mart as having said.<br /><br /></p>.<p>Minister of State for Commerce and Industry Jyotiraditya Scindia informed the Rajya Sabha in a written reply, that Switzerland-based UNI Global Union has presented a paper on 'Wal-Mart's Global Track Record and the implication for FDI in multi-brand retail'.<br /><br />"The paper dwells on the business practices of Wal-Mart in some countries and concludes that without adequate safeguards put in place, FDI in multi-brand retail will lead to widespread displacement and poor treatment of Indian workers in retail, logistics, agriculture and manufacturing," he said.<br /><br />The US-based world's largest retailer Wal-Mart has already established its presence in the Indian market through a wholesale cash and carry stores.<br /><br />It is among several other global chains waiting for implementation of the government decision to permit 51 per cent foreign direct investment (FDI) in multi-brand retail.<br /><br />The Cabinet decision of November 24, 2011 could not be implemented in the face of strong opposition from UPA ally Trinamool Congress and several state governments.<br />Scindia also said that 11 states and union territories have conveyed their support to the Centre for opening the sector to foreign investment.<br /><br />In an another reply, Scindia said that a writ petition has been filed by Vandana Shiva, an NGO activist, in the Delhi High Court alleging that Bharti Wal-Mart and Bharti Retail are directly and indirectly carrying out retail trading in multi-brand in violation of the FDI policy.<br /><br />"The matter is sub-judice," the minister said.<br />Bharti Wal-Mart is a 50:50 joint venture between Wal-Mart Stores Inc and Bharti Enterprises that operates wholesale stores in India.<br /><br />The company currently operates 17 wholesale cash-and- carry stores under Best Price Modern Wholesale stores in India.</p>
<p>FDI in multi-brand retail without adequate safeguards will lead to widespread displacement and poor treatment of Indian workers in logistics, agriculture and manufacturing, the government today cited a global report on Wal-Mart as having said.<br /><br /></p>.<p>Minister of State for Commerce and Industry Jyotiraditya Scindia informed the Rajya Sabha in a written reply, that Switzerland-based UNI Global Union has presented a paper on 'Wal-Mart's Global Track Record and the implication for FDI in multi-brand retail'.<br /><br />"The paper dwells on the business practices of Wal-Mart in some countries and concludes that without adequate safeguards put in place, FDI in multi-brand retail will lead to widespread displacement and poor treatment of Indian workers in retail, logistics, agriculture and manufacturing," he said.<br /><br />The US-based world's largest retailer Wal-Mart has already established its presence in the Indian market through a wholesale cash and carry stores.<br /><br />It is among several other global chains waiting for implementation of the government decision to permit 51 per cent foreign direct investment (FDI) in multi-brand retail.<br /><br />The Cabinet decision of November 24, 2011 could not be implemented in the face of strong opposition from UPA ally Trinamool Congress and several state governments.<br />Scindia also said that 11 states and union territories have conveyed their support to the Centre for opening the sector to foreign investment.<br /><br />In an another reply, Scindia said that a writ petition has been filed by Vandana Shiva, an NGO activist, in the Delhi High Court alleging that Bharti Wal-Mart and Bharti Retail are directly and indirectly carrying out retail trading in multi-brand in violation of the FDI policy.<br /><br />"The matter is sub-judice," the minister said.<br />Bharti Wal-Mart is a 50:50 joint venture between Wal-Mart Stores Inc and Bharti Enterprises that operates wholesale stores in India.<br /><br />The company currently operates 17 wholesale cash-and- carry stores under Best Price Modern Wholesale stores in India.</p>