AGARTALA, June 7 � The Tripura Government has turned down a proposal by the Centre for Foreign Direct Investment (FDI) in retail business in the State.
�Recently the Central Government wanted to know our opinion about FDI in the retail business and we have clearly informed it that the Tripura Council of Ministers do not support it,� State Minister for Food and Civil Supply, Manik De told reporters here today.
He said, about seven to eight crore people in the country earned their livelihood from the retail business who would be hit if FDI was allowed in the retail market.
De said, though the Central Government proposed to appoint a regulatory commission to control FDI, the Left Front Government in the State felt that it would protect the interest of investors and not retailers. � PTI
