The stocks of retail firms today soared as much as 5 per cent, led by Pantaloon Retail India, after the government pitched in for foreign direct investment in the sector. Shares of Pantaloon Retail settled up …
Open-up FDI in multi-brand retail
July 6, 2010 By Leave a Comment
Making out a strong case for opening up the multi-brand retail sector for foreign investment, the Industry Ministry today sought the views of different stakeholders asking whether FDI in the sector should be permitted. “FDI in retail may…
No rushing with FDI reforms: Anand Sharma
June 26, 2010 By Leave a Comment
India has said it favours calibrated liberalisation of foreign investment norms in sensitive sectors like retail, defence, banking and insurance on account of domestic sensitivities, in response to demands made by the US industry of a further liberalisation of India’s foreign direct investment (FDI) regime. In an interaction with top US CEOs in Washington on [...]
Opening up retail not a given: Officials
May 25, 2010 By Leave a Comment
The government may make its first tentative steps to opening up the organised retail sector to foreign companies, a reform seen as dealing with massive supply bottlenecks that have kept inflation stubbornly high, a senior official said. The commerce and industry ministry may issue a discussion paper on further opening up retail, currently restricted to [...]
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