New Delhi, Friday, February 10, 2012: Congress-ruled Kerala on Thursday ruled out implementing the central government’s decision on FDI in retail, saying it was not in the interest of the state.

Chief Minister Oommen Chandy said that Kerala could not agree with the Centre’s decision to allow 51 per cent FDI in multi-brand retail.

“We will not implement it (FDI in retail). We have already conveyed our stand (to the Centre) that we cannot agree with it,” Chandy told reporters in New Delhi. The Chief Minister’s statement assumes significance as Congress party, including Rahul Gandhi, has been pushing for FDI in retail, a decision regarding which was taken by the
Union Cabinet in November 2011.

(News agency)