Home / Knowledge / News / Apparel/Garments / Indian govt consults consumer bodies on multi-brand retail

Indian govt consults consumer bodies on multi-brand retail

06
Jan '12
The Indian Government has started a process of discussion with various consumer organizations in the country to arrive at a consensus on the issue of allowing foreign direct investment (FDI) in multi-brand retail sector.

The consultation process is being undertaken by the Ministry of Consumer Affairs, which is responsible for consumer interest.

In addition, the Department of Industrial Policy and Promotion (DIPP) has also begun discussions on the issue with stakeholders.

The Cabinet decision of November 24, 2011 allowing 51 percent FDI in India's multi-brand retail sector was put on hold due to logjam in Parliament over the issue.

Several States that are opposing FDI in multi-brand retail say the move would push thousands of traders out of business.

In addition, some major consumer cooperatives including the Gujarat Cooperative Milk Marketing Federation (GCMMF) are opposing the Centre's move to allow entry of foreign investment in multi-brand retail.

If the Government succeeds in convincing consumer bodies and other political parties to allow foreign retailers to invest in multi-brand retail sector, it would clear the route for global giants like Wal-Mart, Carrefour and Tesco, to open their supermarket chains in India. These firms are currently only allowed to own 100 percent of back-end cash-and-carry operations for supplying to wholesalers.

Fibre2fashion News Desk - India


Must ReadView All

Foreign brands competing with local clothing companies in Vietnam

Apparel/Garments | On 17th May 2021

Foreign brands competing with local clothing companies in Vietnam

International brands are giving tough competition to the local...

Pic: Casimiro PT / Shutterstock.com

E-commerce | On 17th May 2021

London-based global fashion platform Lyst raises £60mn

Lyst, a London-based global fashion aggregator that operates an...

Pic: Shutterstock

Textiles | On 17th May 2021

Prime Content| China cotton index may remain stable in coming months: TexPro

The China cotton is expected to remain above 16,000 RMB per ton or...

Interviews View All

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Textile Industry, Head honchos

Textile Industry
Head honchos

Opportunity now to reimagine processes & systems in a digital environment

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Raiyan Islam,

Raiyan Islam

Founded in 1981 by Sayeeful Islam, Concorde Garments Group is a market...

Shambhu Nath Jha,

Shambhu Nath Jha

Leading research and consulting firm Fact.MR recently launched a report on ...

Nick Isles,

Nick Isles

The Condé Nast College of Fashion & Design or CNC as it is known as,...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

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

Leave your Comments


May 2021

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


Advanced Search