Home / Knowledge / News / India optimistic on opening up its retail sector to FDI
India optimistic on opening up its retail sector to FDI
16
Nov '10
Though the Government of India is hopefully considering the proposal of allowing entry of foreign firms into its multi-brand retail sector, the centre even needs to consider the issue regarding employment in small, independently owned stores.

Foreign firms yet have not been able to widely explore the country's retail sector, which basically supports the small family-owned stores and businesses. Further, it is only in the single-brand retail sector that 51 percent foreign direct investment is allowed, while the multi-brand retail sector limits itself to cash-and-carry or wholesale stores.

India's stand on allowing foreign direct investment in the sector remained a key issue for discussion prior to the US President Barack Obama's visit; more so because retail majors including the Wal-Mart Stores Inc were very much keen for their access in the Indian market.

Though, Indian Government was optimistic on throwing open the sector to foreign investment prior to Obama's visit, but the matter has taken a political form, and has stirred up the opposition.

Many people even voiced their concerns stating that, the move would prove detrimental to small retailers and the sector which is a source of livelihood for nearly 50 million people.

Granting such access would greatly hinder the supply, which is one of the factors responsible for retaining the inflation rates at persistently high levels in India, which is the third biggest economy of Asia.

Though, India possesses a very optimistic frame of mind, but then in any democratic state, the Government needs to consider the key issues before making any decision, and also needs to reach a consensus with others before arriving at any decision. The government is trying to do the same and as such is cutting down the number of sceptics while winning their confidence.

Government of India, in the beginning of the year, had released a discussion paper on granting access to FDI. This has been viewed as a basic step towards transformation.

Fibre2fashion News Desk-India


Must ReadView All

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Courtesy: ITMA

Textiles | On 22nd Sep 2017

ITMA 2019 to focus on smart garment technologies

ITMA 2019, the world's largest textile and garment technology...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Sanjukta Dutta
Sanjukta's Studio

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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