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This is an archive article published on July 29, 2011
Retailers moot segment-wise FDI
FDI should be looked at differently for food and non-food sectors, retailers said after a meeting hosted by Kishore Biyani,founder amp; group CEO,Future Group.
Written by Express News Service
Mumbai | July 29, 2011 01:29 AM IST
1 min read
1 min read
With the Committee of Secretaries recommending 51 per cent foreign direct investment in the retail sector,retailers have sought some changes in FDI norms,especially in the food and non-food sectors.
FDI should be looked at differently for food and non-food sectors, retailers said after a meeting hosted by Kishore Biyani,founder amp; group CEO,Future Group.
Retail CEOs and heads of retail chains met in Mumbai to discuss the issues facing the sector,and how these could be addressed through the annual gathering of the industry the India Retail Forum IRF.
The worlds four largest retailers Wal-Mart,Carrefour,Tesco and Metro and other groups are seeking to expand in India to tap the increasing spending power of a rapidly burgeoning middle class.
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