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'Consensus on FDI in multi-brand retail being built' – FM
22
Feb '12
“We have permitted 100 percent foreign direct investment (FDI) in single-brand retail and a consensus is being evolved to open FDI in multi-brand retail”, said the Finance Minister – Pranab Mukerjee.

He said this while addressing the annual session of ASSOCHAM – one of the leading trade bodies in India.

It may be recalled that the government had initiated a policy to permit global multi-brand retailers like Wal-Mart to open stores in India. But following the fierce opposition from political parties, withdrew the decision.

Fibre2fashion News Desk - India

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