The Hindu Business Line : TN traders’ union to meet CM on big retail issue

Tamil Nadu Traders’ Federation (TTF), seeking a ban on the entry of corporates in retail trade, has decided to meet the Tamil Nadu Chief Minister, Mr M. Karunanidhi, to impress on the need to emulate the Uttar Pradesh Government’s ban in the interest of small traders.

According to Mr V.E. Govindarajulu, State Secretary, it has learnt that Reliance Fresh of Reliance group is about to launch its retail outlets for vegetables and fruits in different parts in Tiruchi town.

The initiative would put several hundreds of retail traders and wholesalers in jeopardy, if the company gained foothold with its strategy of direct procurement from the farmers and offer of window shopping and pleasant shopping experience to customers.

Speaking at Tiruchi recently, he said that the move would eventually lead to erosion of hold on farmers by traders.

As the law does not provide for fixing the maximum retail price for vegetables, no action could be contemplated under the Monopoly And Restrictive Practices Act.

The only hope would be for the State to emulate the ban imposed by the Uttar Pradesh Government on the company, he added.

More Stories on : Retailing | Politics | Trade & Labour Unions | Tamil Nadu

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