India not planning to change FDI for retail trade

07/20/2009 | Wall Street Journal, The

In India, foreign direct investment is permitted in the retail sector only for single-brand products. India's junior commerce and industry minister said the country is not planning to change its FDI policy. "There is no proposal to change the current policy on retail trade," Jyotiraditya M. Scindia said. "Government fully recognises the need to ensure that small retailers are not adversely affected by the growing organised retail and that there is no adverse effect on employment."

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