FDI in retail: Traders shut shops in TN, Pondy

CHENNAI: Shop owners in Tamil Nadu downed their shutters today protesting against Centre's decision to allow 51 per cent equity in multi-brand retail.Nearly 20 lakh traders in the state were participating in the dawn-to-dusk strike spearheaded by Tamil Nadu Vanigar Sangakalin Peravai, a body representing traders.The Peravai leaders wanted the Centre to roll back the decision as FDI in retail trade would "harm" shop owners and workers.The famous Koyambedu Vegetable Market in Chennai was also closed for the day as a mark of protest.However, hotels are not participating in the strike.Chief Minister J Jayalalithaa had strongly condemned the decision, alleging it was taken under pressure from a few retail giants. Tamil Nadu government would not allow multi-brand global players to set up their markets in the state, she had stated.DMK President M Karunanidhi, who's party is an ally in the the ruling UPA, had also raised apprehensions over the Centre's decision and demanded the decision be withdrawn immediately.A report from Puducherry said all shops and business establishments downed their shutters to register their protest against the Centre's decision.The bandh was called by Puducherry Chamber of Commerce.Various political parties have also supported the bandh.