By IANS
Kolkata : No corporate company should be allowed to enter the organised retail sector without regulations, Prakash Karat, Communist Party of India-Marxist (CPI-M) general secretary, said here Monday.
“For organised sector retailing, our party wants regulations. We are trying to bring in regulation and licensing of not only foreign companies but all corporate organisations before entering in the retail sector,” Karat told a press conference at the conclusion of the party’s three-day central committee meeting.
“Any corporate sector entry should be subject to regulation,” Karat said.
He said: “We are trying to create a common understanding with all political parties on this particular issue so that a regulation should be there for corporate houses’ entry into organised retailing.”
“Any big corporate should not be allowed entry in the retail sector without regulations and we are trying to get that in place,” he said.