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Prashant Bhushan's press conference disrupted in Delhi

New Delhi: In a significant decision, Aam Aadmi Party Government today withdrew the approval given by the previous Sheila Dikshit dispensation to FDI in multibrand retail in Delhi, its first major reversal of policy.Delhi's Industry
PTI January 13, 2014 22:08 IST
PTI
New Delhi: In a significant decision, Aam Aadmi Party Government today withdrew the approval given by the previous Sheila Dikshit dispensation to FDI in multibrand retail in Delhi, its first major reversal of policy.

Delhi's Industry Secretary Amit Yadav told PTI that the city government has communicated its decision to the Department of Industrial Policy and Promotion (DIPP) of the Union Government.

"We have written a letter to the DIPP withdrawing the consent given by the government in July, 2012 on allowing multibrand retail trade," he said.

The previous Congress government had taken a number of steps to remove bottlenecks in attracting FDI in multibrand retail. It had even announced making amendments to the Agricultural Produce Marketing Committee (APMC) Act to allow direct connectivity between retailers and farmers.

As per the existing provision, farmers cannot sell their produce directly to retailers as it has to be routed through the mandis operated by APMC.