Sep24
Industry not in favor of allowing foreign equity in retail
on September 24th, 2007 at 4:51 amPosted In: News & Articles
Indian industry on the whole is not in favor of the government permitting foreign equity in the retail sector, and would prefer to have foreign equity only in a calibrated manner that would allow domestic companies to prepare and face the competition. According to an Assocham statement, “The chamber’s blue-print on organised retail is influenced by its members from a cross-section of industry in domestic retailing that it surveyed on opening up of domestic retail to 100 percent equity.”
Source: The Economic Times
