Retail honchos bat for FDI in multi-brand
The government may be adopting a yo-yo approach to opening foreign direct investment (FDI) in multi-brand retail, but industry captains at the India Retail Forum said FDI should be opened up immediately, given the liquidity crunch in the market.
“If FDI is to be allowed in multi-brand retail, it could not come at a better time than this. It would certainly help in accelerating growth,” said Thomas Varghese, chairman of the Confederation of Indian Industry’s national committee on retail and chief executive officer of Aditya Birla Retail. Business Standard – Read more…