<p>Breaking his silence on FDI in multi-brand retail, DMK chief M Karunanidhi today said his party will not support the Centre's decision to allow foreign investment in the sector.<br /><br /></p>.<p>"We are not in favour of the decision to allow FDI (in multi-brand retail)," he told reporters responding to a query on what was the DMK's stand on the FDI issue.<br /><br />DMK, a key constituent of the ruling UPA government, had recently refused to clarify its stand on the decision to allow FDI in multi-brand retail.<br /><br />"Small and medium retail traders in Tamil Nadu are apprehensive that Foreign Direct Investment would greatly affect them. We would discuss and take a decision on this (FDI) keeping their interest in mind," Karunanidhi had said last week.</p>
<p>Breaking his silence on FDI in multi-brand retail, DMK chief M Karunanidhi today said his party will not support the Centre's decision to allow foreign investment in the sector.<br /><br /></p>.<p>"We are not in favour of the decision to allow FDI (in multi-brand retail)," he told reporters responding to a query on what was the DMK's stand on the FDI issue.<br /><br />DMK, a key constituent of the ruling UPA government, had recently refused to clarify its stand on the decision to allow FDI in multi-brand retail.<br /><br />"Small and medium retail traders in Tamil Nadu are apprehensive that Foreign Direct Investment would greatly affect them. We would discuss and take a decision on this (FDI) keeping their interest in mind," Karunanidhi had said last week.</p>