There are strong indications that Foreign Direct Investment ( FDI ) in multi brand retailing will soon be a reality. Indications are that there would be cap of 26% on investments allowed. Sources say that a political consensus has been hammered out at the highest levels of UPA and influential wings of the government including the PMO, Finance Ministry, Agriculture Ministry and the Planning commission are backing this important economic reform.
FDI in retail could transform the way agriculture produce is procured, stored, conserved and marketed in the country.
Source : Financial Express: November 18, 2010
Saturday, November 20, 2010
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It is high time that the Government allowed FDI in retail. Will make a big difference in the way retail functions today in India
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