The Member of Parliament of Trinamool Congress (TMC) and the Party's spokesperson, Derek O'brien spoke to CNBC-TV18 to explain the perspective behind TMC's demand for FDI in retail. In his interview, O'brien said the party maintains its 'clear and consistent' stand in the portfolio and that there is no question of any more caveats which may bring a change of mind.
"Based on the NSSO figures, we believe that this entire FDI in multi-brand retail is only talking about the 9%, and the balance 91% for consumer expenditure includes milk and other goods. Fresh fruit and vegetables part is only 9%. Hence, this is our very strong position based on this important fact," he further pointed out. Below is an edited transcript of Derek O'brien's interview to CNBC-TV18. Also watch the accompanying video. Q: What is the perspective behind the TMC's demand? Is the TMC open to any sort of negotiation with the government as far as FDI in retail is concerned or is this closed chapter? Is there a possibility of any sort of breakthrough in this matter if the government were to agree to more conditions, more caveats? Are you only open now to a rollback like the BJP? A: We had this in our manifesto in 2004, 2006 and 2009, we reviewed the situation and yet put it back in our manifesto, rather didnDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
