Alleging that retail giant Wal-Mart had plans to enter
Tamil Nadu through the backdoor, CPI (M) State secretary G. Ramakrishnan
said on Wednesday that his party would picket the Wal-Mart office in
Anna Nagar on December 26. In a statement here, he
said there were reports that Wal-Mart was constructing a one-lakh sq ft
commercial complex at Pallikuppam in Tirurverkadu and opening an office
in Anna Nagar.
A resolution adopted at the State
secretariat meeting of the party strongly condemned the moves of
Wal-Mart and wanted the State government, which had expressed its
opposition to foreign direct investment in the retail trade, to take
steps to prevent the entry of multi-national retail players. Mr.
Ramakrishnan said that Wal-Mart had already approached retail traders
for supply of goods and its entry would destroy retail trade in Tamil
Nadu
(Source: The Hindu)
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