Bye Bye FDI - Retail India
I guess its going to be a long time before the government would ever come out with some concreate measures to open up the Retail Sector to FDI. I've enclosed a brief comment from a recent interview with FT.com
"The SEZs would benefit from new guidelines that open up FDI in the construction industry, which Mr Nath announced last month. However, the minister says he has no immediate plans to open up India's under- developed retail sector, which remains closed to foreign investment.
"I need to figure out a way first of protecting the 'mom and pop' stores," the minister says."
Source: FT.com
need retail news every day....
Posted by: Bahadur S Padania | Wednesday, 08 February 2006 at 12:37 AM