FDI in retail – New Policy of Indian Govenrment
Everyone must be thinking Retailing in India has come a long way over the last 2 decades. Although there has been great momentum in the last decade with every existing retailer fueling thier growth plans and new entrants ranging from every other industry to this sector.
Just back from first frenzied shopping experience in the UK, a four year old ever-inquisitive daughter asked to her father, “Why do we not have a Harrods in Delhi? Shopping there is so much fun!” Simple question for a four-year-old, but not so simple for her father to explain.
The cabinet on Thursday faced down opposition from within and outside to allow foreign retailers to own a 51% stake in the multi-brand retail sector, paving the way for global groups such as Walmart, Carrefour andTesco to open supermarkets in India.
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"Investments will now flow into India's farm-to-market supply chain, which will usher in expertise and bring efficiencies to India's supply chain infrastructure. Food price-rise and inflation will now effectively be tamed," he said.
Indian FDI Statistic Is here :
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