Jaya opposes entry of corporates into retail trade

AIADMK supremo Jayalalithaa has opposed the entry of corporates in retail trading, saying this would lead to loss of livelihood for small traders and vendors. Big corporates selling commodities at cheaper prices was a trade tactic to oust small traders and bring the entire trade under their control, she said in a statement here. Once the corporates establish themselves, they would fix prices as they like, she said. Small traders should not be driven out from their profession to other alternate jobs and government should not assist such an act, the former chief minister said and demanded cancellation of permission for entry of big corporates, Indian or foreign, into retail trade. The entry of corporates into retail trade in South American countries, Japan, China and Canada had destroyed the livelihood of small traders and vendors, she said, adding the there was no guarantee that such a situation would not occur in Tamil Nadu. The AIADMK would support the fast organised by traders here tomorrow against the entry of corporates in retail business, she added

Courtesy: EconomicTimes
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