| Log in

FDI In Supermarket Sector Still A Priority

23 December, 2011

Government’s plan to give foreign supermarkets access to the country’s retail industry is still a priority and has not been shelved, finance minister Pranab Mukherjee said on Friday, weeks after the government was forced to backtrack on the reform. 

Mukherjee said the delayed policy was “very much on the government’s mind” and officials were now working for a consensus on foreign direct investment plans including in supermarkets and a delayed pensions bill.

Struggling with a rapidly weakening rupee and a growing current account deficit, India is looking for new ways to attract foreign investors to Asia’s third largest economy.


Leave Your Comment
Wal-Mart faces sourcing challenge in India

Wal-Mart faces sourcing challenge in India

Reuters 5 years ago
As Wal-Mart Stores Inc ramps up its operations in India, it needs to find more...
India eases investment rules for foreign retailers

India eases investment rules for foreign retailers

Reuters 4 years ago
India relaxed sourcing and investment rules for the retail sector on Thursday in...
Govt May Remove FDI Cap In Single-brand Retail

Govt May Remove FDI Cap In Single-brand Retail

Reuters 6 years ago
India is considering opening fully its single-brand retail sector to foreign...
No Comments

FDI In Supermarket Sector Still A Priority

Powered by WordPress.com VIP