She said during Question Hour in Rajya Sabha that Bharatiya Janata Party got a massive mandate on the basis of its election manifesto which opposes FDI in multi-brand retail.
However, the government has not initiated any move to scrap the policy of allowing FDI in multi-brand retail approved by the previous United Progressive Alliance government. "The mandate given to government is on the basis of our manifesto. . .we do not entertain FDI in multi-brand retail," she said.
She said FDI flow have not been consistent in past few years.
"During the last three years FDI inflow has fluctuated.
“FDI inflow decreased by 26.33 per cent in 2012-13 and increased by 6.12 per cent in 2013-14," she said.
FDI flow is dependent on the business environment and how decisions are made, she said, adding FDI inflow has been skewed in favour of Mauritius.
Mauritius accounted for $80.809 billion out of $222.89 billion that came to India between 2000 and 2014.
"We are using FIPB to carry out check (on investing companies),"
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