Govt-retailer meet on FDI a wholesale flop

Big-ticket foreign investment in multi-brand retail could take its time coming into the country with global retailers as yet unclear about the government’s policy. Indeed, Thursday’s meeting between Anand Sharma, minister for commerce and industry and stakeholders in the retail space, failed to yield any concrete decisions or provide any clarity on key issues relating to back-end infrastructure and sourcing from the micro, small and medium enterprises (MSME) sector. Although most issues came up at the meeting, the government offered no clarifications.

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