Shorthand Dictation 80 Words per minute “ Foreign Direct Investment ” , Test 5 Minutes with 5 Minutes Audio Dictation, Shorthand Outline and Text Matter. Test 14

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Madam, I want to express my views on the Motion moved by Smt. Sushma Swaraj, Leader of Opposition seeking to withdraw/ the Government’s decision to allow 51 percent Foreign Direct investments in multi-brand retail trade.  I rise to oppose/ this move.  IN the era

of global integration of business, trade and industry we have no other option but to/ move along with the world.  We know that lakhs of our engineers and doctors are working abroad and bring lot/ f foreign employment through outsourcing while living in India.  Our automobile (100) industry is flourishing and selling its products abroad.  Foreign Direct Investment in multi-brand retail is not coming without any/ conditions or restrictions imposed by our Government.  In the first instance the foreign company who would like to enter business/ In India will have to invest 100 million dollars in the country. Out of this 50 percent will have to be/ invested in the back end infrastructure sector.  This will benefit sectors like cold storage chain, food processing, warehousing, inventory management,/ farmer support system, food processors and its distributors.  Thirty percent of the manufacturing product will have to be sourced (200) from SMSE sector by the Foreign Direct Investors.  A direct fallout of huge FDI in the multi-brand sector would/ be employment generation.  We are the second largest fruit and vegetable producer in the world.  We produce more than 200/million tones fruits and vegetables get perished/ due to non-availability of markets and lack of cold storage facility with the farmers of our country.  It comes/ to the loss of thousands of crores of rupees.  Through multi-branding the produced items are directly purchased from the (300) farmers and given them the right price or even a better price because it can be sold where it fetches/ good prices.  Thus, middle men can be avoided who used to eat away a bulk of the profit. FDI will/ increase productive capacity.  It will help in creating infrastructure and assets in addition to generation of employment in the country./ It will lead to technology up-gradation and thereby increase business and trade.  It will improve the economic development of the/ country.  We can witness that now China is progressing in the global market with Foreign Direct Investment. If India has (400) to compete with the world we have to be opened up and allow foreign.