Thursday, December 13, 2012

CPI (M) to picket Wal-Mart office in Chennai

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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