RSS affiliate SJM to protest against Govt's new FDI policy

New Delhi, Aug 7 () RSS affiliate

Swadeshi Jagran Manch

will hit the roads on August 9 in protest against the BJP led Government’s new FDI policy and to demand its immediate withdrawal. The protest, scheduled to be held at all district headquarters of the country on the August 9 will seek the rollback of FDI in various sectors including defence, pharma and retail sectors. "

Swadeshi Jagaran Manch

expresses its deep anguish and protest on recent decision of the government to relax FDI norms in various sectors of the economy including retail trade, agriculture and animal husbandry, brown field pharma, security agencies, defence and others," Ashwani

Mahajan

, National Co-convenor of

the Manch

told today. He said the

Manch

will on Quit India Day organise programmes in all district headquarters and send a memorandum to the Prime Minister, through district magistrates from all over the country, urging him to withdraw the new FDI policy. The Manch added that the decision to allow foreigners to engage in food processing and marketing of agricultural produce is against the promises of the ruling party and will spell a "death knell" for the small shopkeepers, vegetable and fruit vendors and small units engaged in processing of agricultural produce. "Opening up of FDI in security agencies is likely to endanger the security of the nation. "It is well known that India is a key player in pharmaceutical produce globally and more than 200 countries rely on affordable medicines for their public health from India's generic drugs produce by Indian pharmaceutical companies. "By allowing 100 per cent FDI in brown field pharma, government has opened flood gates for acquisition of Indian pharmaceutical companies by multinational giants, endangering the supply of affordable medicine to the poor masses, not only in India but world over," Mahajan said. The RSS body also noted with concern 100 per cent FDI in defence (74 per cent under automatic route and subsequent by approval route). "Dropping of the clause of state of the art technology is also beyond comprehension. Though Swadeshi Jagaran Manch feels that FDI in defence may be allowed only in extreme cases of transfer of modern and state of art technology from case to case basis, limitless FDI in defence without transfer of technology cannot be legitimized in any case," the

SJM

national co-convenor said. more SKC RG