GoI left us out on consultation over FDI in retail: KTMF

SRINAGAR: The Kashmir Traders and Manufacturers Federation (KTMF) has said that New Delhi did not consult them on promotion of Foreign Direct Investment in retail and e-commerce.
The Commerce and Industry Minister Nirmala Sitharaman in May had hinted that the ministry will meet representatives of the state government’s over this issue.
Later in June she met representative from different states asking them to give their views within 15 days on this matter of opening up the e-commerce sector to FDI, with many representatives asking for more time to file their replies.
However, in a statement issued by KTMF, has said that New Delhi has not consulted them on this crucial issue.
President of the federation Muhammad Yasin Khan said that traders are the direct stakeholders as we are the community whose livelihood will be directly impacted by the FDI in E-commerce but we are kept out of consultations for framing of implementation policy.
He said it was mandatory for the government to take traders on onboard before taking a final decision. “Being stakeholders we too have some suggestion as otherwise our interests will be affected,” Khan said. He also asked the Finance Minister Dr Haseeb Drabu to look into the matter.

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