No consensus on FDI among India Inc

November 28, 2011 13:35

So what does India Inc think of FDI on retail?

A PTI report says that while FICCI extended an all-out support to the
government, CII recommended "a calibrated approach for introducing FDI in the retail sector in terms of the percentage and minimum capitalisation requirements".

Addressing a press conference, FICCI Secretary General Rajiv Kumar said opening of the retail sector would create big employment opportunities in the country.

CII, on the other hand, said while it "strongly supports the introduction of FDI in multi-brand retail trading, it recommends a calibrated approach for introducing
FDI in the retail sector in terms of the percentage and minimum capitalisation requirements".

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