Thursday, November 22, 2012

FDI in retail will hurt Muslims most

How can Poodle Singh sleep now?
Trading is a major source of sustenance for Muslims all across the country. However, their trading activities in Kerala were rudely interrupted by the arrival of the Portuguese, in the early 16th century. As often happened in those times, the Portuguese attacked, looted and set fire to the town of Calicut. The Mappila community lost the spice trade — and a whole lot more — that they had carefully built over centuries to the invaders. Can a 21st century version of this scenario unfold with the UPA Government opening the gates to FDI in multi-brand retail?
BusinessLine: FDI in retail will hurt Muslims most