Interviews
Multi-brand retail with FDI barred from ecommerce in India
05 Mar '13
6 min read
In any case organized retail through Indian corporate entities is already allowed in India. The experience of the last one decade has shown that the small retailers have flourished alongside the large retail outlets. As per the ICRIER report referred to above, there was no evidence of a decline in overall employment in the unorganized sector as a result of the entry of organized retailers.
Further, there was competitive response from traditional retailers through improved business practices and technology up gradation. A majority of unorganized retailers were keen to stay in the business and compete, while also wanting the next generation to continue likewise and most unorganized retailers were committed to remaining independent.
Ministry of Commerce & Industry
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