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Our Bureau

New Delhi, Nov. 28

Calling it a back door entry by FDI in retail in the country, the CPI (M) has opposed the Bharti-Wal-Mart deal. FDI is not possible in retail under the existing policy on foreign investment in India.

"The Wal-Mart's franchisee agreement with Bharti Enterprises is an attempt to circumvent existing policy regulations to get a foothold in the Indian market," said the party in a press release.

Meanwhile, the Commerce and Industry Minister, Mr Kamal Nath, has said that the Government will see if all the rules and regulations were adhered to in the Bharti-Wal-Mart deal.

More Stories on : Politics | Retailing | Bharti Tele-Ventures Ltd

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