The Government of India will soon try to evolve a political consensus on allowing foreign direct investment (FDI) in the country’s multi-brand retail sector, Minister of Commerce and Industry and Textiles, Mr. Anand Sharma, has said.
The Government of India will soon try to evolve a political consensus on allowing foreign direct investment (FDI) in the country's multi-brand retail #
Addressing investors at the ‘Global India Business Meeting 2012’ in Antwerp, Belgium, the Minister said the implementation of FDI in multi-brand retail sector has been delayed due to lack of consensus among political parties.
The Government of India will soon try to evolve a political consensus on allowing foreign direct investment (FDI) in the country's multi-brand retail #
He added that although the Government had pressed the pause button, it is committed to go forward on the issue.
The Government of India will soon try to evolve a political consensus on allowing foreign direct investment (FDI) in the country's multi-brand retail #
He said the Government is currently in the process of liberalizing foreign investment regime in the country.
The Government of India will soon try to evolve a political consensus on allowing foreign direct investment (FDI) in the country's multi-brand retail #
The Minister informed that he had already approached Chief Ministers of non-Congress states on the issue and the Government has already begun consultations with other parties to arrive at a consensus.
The Government of India will soon try to evolve a political consensus on allowing foreign direct investment (FDI) in the country's multi-brand retail #
He told the global investors that the policy for allowing 100 percent FDI in single-brand retail has already been implemented and many international brands have finalized their plans to invest in India.
The Government of India will soon try to evolve a political consensus on allowing foreign direct investment (FDI) in the country's multi-brand retail #
Fibre2fashion News Desk - India