Modi says he favors organized retail, but as per the Amul pattern, not walmart pattern

Gandhinagar, 12 December 2011

During an interaction with members of the American Chamber of Commerce and Industries of India(ACCII) when he was asked to narrate his point of view on ‘FDI in retail’, Gujarat Chief Minister Narendra Modi replied that Gujarat government’s policy was clear in itself . Modi added that he favors organized retail, but Gujarat’s definition of organized retail is Amul pattern and not Walmart pattern.

Modi further said, “the issue of ‘FDI in retail’ has sparked wide discussion in country, but Gujarat government’s policy is to ensure that it turns out to be good for farmers, users, employment and trade – all. Amul pattern has been successful in the area of Organized retail. It would be beneficial for value added commerce too.”

A 33-member high-level delegation of the American Chamber of Commerce and Industries of India (ACCII) called on Gujarat Chief Minister Shri Narendra Modi today in Gandhinagar. Gujarat government and American Chamber will jointly prepare a work plan. In this backdrop, it is for the first time that Gujarat is hosting ACCII’s executive meeting.

In the meeting it was decided that a seminar covering all aspects of defense security equipment manufacturing will be organize in cooperation of Gujarat government.

Chief Minister told delegation members that state government is working on agri greenhouse power policy, solar consumption incentive policy and a policy that pertains to use of desalination plant for water management.

The delegation was led by Shri Atul Singh, President of American Chamber. Chief Secretary Shri AK Joti was among those present in the meeting.