BJP should not threaten foreign investors, says Congress

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Delhi – The Congress Monday took exception to the BJP cautioning foreign investors about possible change of governments in states after the UPA allowed FDI in multi-brand retail and said the opposition party should not “threaten” overseas investors.

Congress spokesperson Manish Tewari said the language used by the Bharatiya Janata Party showed its “dictatorial mindset”.

“The BJP may have ideological or opportunistic differences with the government on economic reforms but the government has a right to make policies and the opposition has a right to differ with it but not threaten foreign investors. This indicates their dictatorial mindset,” Tewari said.

He also cited a cabinet note of the National Democratic Alliance (NDA) government suggesting 100 percent FDI in retail and accused the BJP of adopting double-standards.

BJP leader Yashwant Sinha had Saturday highlighted the risks involved in investing in multi-brand retail. He had given a veiled warning to foreign investors that there could be change of governments in states such as Delhi and Rajasthan in the impending elections and the policy favouring FDI in multi-brand retail may be discontinued.

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