75th Founding Day Lecture Meeting on “India@2030” Know More

August 2010

Govt. gets ball rolling on FDI in retail

By Raman Jokhakar
Tarunkumar G. Singhal
Chartered Accountants
Reading Time 1 mins

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46 Govt. gets ball rolling on FDI in retail

The Union Government has initiated a move to open the
country’s multi-brand retail segment to foreign investment, without revealing
its mind on details such as how much investment will be permitted.

In a 21-page discussion paper, it has sought comments from
stakeholders on a dozen issues, ranging from allowing retail chains with foreign
capital to open stores in select cities to government approval for opening each
store, mandatory hiring of rural population and sourcing from small and medium
enterprises.

(Source : The Economic Times, dated 7-7-2010)

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