After BMS, another RSS affiliate Swadeshi Jagran Manch (SJM) on Sunday came down heavily on the Centre’s recent FDI decision. Terming the move as “done in haste”, the SJM urged the Centre to put on hold its decision and sought a whitepaper detailing its benefits, drawbacks and impacts in each sector. It also said that “Make in India” initiatives should be more of ‘Made by India’.
“SJM believes that the present decision of the Government to ease FDI norms for major sectors of the economy has been taken in a hurried manner and without going into the pros and cons of the decision.
SJM demands that these decisions be put on hold and a commission is constituted taking all stakeholders on board while instituting a comprehensive study to estimate loss to the economy,” Ashwani Mahajan, All India Co-Convener of the Manch, told media.
“It is painful to see that the present Government continues to follow the policy of previous UPA Government in this regard. SJM reiterates its demand for a white paper and urges the Government to share the
factual position with the people of India instead of repeating mere claims and intention,” he said.
The opposition from SJM comes three days after another RSS affiliate, Bharatiya Mazdoor Sangh (BMS), warned the Government of mass agitations if the FDI decision was not immediately rolled back. SJM said it was “in deep anguish over the central Government’s decision to ease FDI norms in almost all major sectors of the economy, including defence, plantation, broadcasting, single brand e-commerce, banking, construction, limited liabilities partnership, duty free shops, etc”.
“In 2014-15 alone, while there has been FDI inflow of $31 billion, there has been an outflow of $36.5 billion,” he said.
Arguing that the Government has been advocating liberal FDI regime under its plans to revive manufacturing sector in the country in the name and style of Make-in-India slogan, the Manch said, Government’s endeavour towards Make-in-India should be more of Made-by-India.