BJP protests FDI in retail; extends support to traders' bundh on Dec 1

November 30, 2011

bjp1

Mangalore, November 30: Protesting against the Union Cabinet's decision to allow 51 per cent foreign direct investment (FDI) in multi-brand retail, the Dakshina Kannada district committee of Bharatiya Janata Party on Wednesday staged a demonstration in front of the office of Deputy Commissioner here.

The protesters, who raised slogans against the Centre and grant of permission to foreign companies, expressed fear that the move may not only lead to massive unemployment, but destruct the existing business and supply chains, as well.

Leading the protest, District BJP President Padmanabha Kottari lashed out at the Congress led UPA government's unilateral decisions in crucial matters.

“Ignoring the voice of opposition, a few cabinet members going on to the extent of taking such an abrupt decision, which would affect the lives of crores of Indian citizens is an example for the irresponsible attitude of the government”, he said.

“At present around eight per cent of workers are employed in retail trade in India and at least four percent people of this country have found their future in it. About 15 crore people are maintaining their families with it in every lane and block of the country. If the foreign companies are allowed in, all these people would be rendered unemployed and ultimately ruined,” he warned.

Before taking such a controversial decision the ruling party was supposed to discuss the issue in the parliament. The government should also have had discussed the issue with the leaders of retail market sector, who are the real victims of this decision. However, the abrupt decision shows the keenness of the Congress led government in serving the vested interests, he said.

Mr Kottari went on to charge that the Government had taken this decision under pressure of foreign governments and companies. There is also the possibility of heavy corruption in the process of this decision, he said.

Companies like Wal-Mart, Tesco, King Fisher, and Carrefour have already been ruling the global retail sector. Now, they are trying to establish their dominance over new countries. Being the biggest market, India is now in their minds, he said.

He also accused Prime Minister Dr Manmohan Singh of misleading people by stating that FDI in India's retail sector would benefit farmers. “The Union government has reduced to be a mere puppet in the hands of vested interests, business tycoons and multi-national companies”, he said.

Bundh

Stating that BJP will never allow foreign companies to open multi brand retail stores, in the land of India, he said that the District BJP will support country-wide bundh called by Confederation of All India Traders on December 1 against the Centre's move.

Local BJP leaders Shreekar Prabhu, Monappa Bhandary, Nithin Kumar, Sulochana GK Bhat were among the protesters.

bjp2

bjp3

bjp4

bjp5

bjp6

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 31,2026

Roy.jpg

Bengaluru: The shooting incident involving CJ Roy, founder of the Confident Group, has once again put the spotlight on a businessman whose life has swung between flamboyant global success and persistent controversy at home.

Though Roy’s business interests extended across continents, his roots lay firmly in Karnataka. An alumnus of Christ School in Bengaluru, he later moved to Tumakuru to pursue an engineering degree. Those familiar with his early years describe him as intensely ambitious, beginning his career as a salesman at a small electronics firm dealing in computers.

Roy’s entry into large-scale real estate came through the Crystal Group, where he worked closely with Latha Namboothiri and rose from manager to director. However, the launch of the Confident Group in 2005 was clouded by industry speculation. Insiders speak of a fallout involving alleged “benami” properties and claims of deception that ultimately led to his independent venture—an episode Roy spent years trying to distance himself from, according to associates.

A tale of two cities

Roy’s professional trajectory diverged sharply across geographies.

In Dubai, he built a reputation as a bold and efficient developer, completing massive luxury residential projects in record time—some reportedly within 11 months. His rapid project delivery and lavish lifestyle in the Emirates earned him admiration and visibility in the real estate sector.

In Bengaluru, however, his image remained far more fractured. Sources say Roy stayed away from the city for several years amid disputes over unpaid dues to vendors and suppliers. Several projects were allegedly stalled, with accusations of unfulfilled commitments to cement and steel suppliers continuing to follow him.

Roy’s return to Bengaluru’s business and social circles began around 2018, marked by a conscious attempt at rebranding. His appointment as Honorary Consul of the Slovak Republic added diplomatic legitimacy, which he complemented with visible CSR initiatives, including ambulance donations and high-profile charity events.

Heavy police presence in Langford Town

Following the incident, police personnel from the Central division were deployed outside the Confident Group building in Langford Town, which also houses the Slovak Honorary Consulate in Bengaluru.

The otherwise busy premises near Hosur Road wore a deserted look on Friday, reflecting the shock and uncertainty that followed the tragedy.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.