Home / Knowledge / News / Apparel/Garments / Allow 100% FDI in multi-brand retail to rein in prices – experts
Allow 100% FDI in multi-brand retail to rein in prices – experts
26
May '10
Big-time global retail chains have been clamoring for a 100 percent foreign direct investment (FDI) policy for setting up multi-brand retail chain stores in India. The current policy stipulates only 51 percent FDI and that too in single-brand retail.

This restricts the amount of investment the retail sector has received in the last few years, in a market which totals to US $450 billion and which is dominated by street-corner stores, with organised retail accounting for just 6 percent of the cake.

Global retail chains like Wal-Mart and Carrefour have for long argued for 100 percent FDI, by saying that, this will reduce the supply-chain inefficiencies in the country and provide goods at affordable prices to the Indian consumers.

The current policy for global retailers stipulates setting up operations in only the whole-sale segment, which does not interest the retailers much except for the likes of Wal-Mart which has set up such a venture with the Bharati Group in India.

Experts are of the opinion that, to rein in inflation, which is galloping at a fast pace, the government should consider 100 percent FDI in the multi-brand retail sector, which they suggest the government should consider implementing, seriously.

There are indications that the government could take this advice seriously.

Fibre2fashion News Desk - India

Must ReadView All

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Courtesy: IRRC Institute

Apparel/Garments | On 27th May 2017

Up to 7.5 mn retail jobs in US at risk due to automation

About 6-7.5 million retail jobs in the US are likely to be automated...

Textiles | On 27th May 2017

Indian textiles ministry promotes wool sector

The ministry of textiles has taken multiple steps to promote the wool ...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search