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FDI  In  Retail   And  Other  Sectors.

9/17/2012

2 Comments

 
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Our   Government  ,on  Friday  ,  has   relaxed  the  norms  for  FDI   in    retail  and  other  sectors  .  Mr.  Anand  Sharma, Minister  for  Commerce  , Industry and  Textile  ,  GOI , has declared  that  there  will  be  51%  FDI   in  multi-brand  retail  sector .  The  multinational  companies  like   Walmart  and  Tesco  will  be  allowed  to  open  stores   in  Indian  cities  having  population  more   than  10  lac  .  There  are   51  such  cities   all  over   India  .
               The   move  was  welcomed  by  the   Industries  and  Business   Association  .

Reactions   from  different  States  are  as  follows  :   

Haryana  :    Welcomed    saying  that  the  farmers  will get  the  right  price  and  the  consumers  will be  benefited.
Delhi  :          Welcomed     saying    that  it  will  generate  employment  . 
Rajasthan   :     Welcomed    saying   that  it  will  be  beneficial  for  agricultural  sector  .

Maharastra   :     Welcomed   saying  that   consumers   will  get  better  service   and  the  goods   will  be  available   at  ease  .
Assam ,  Andhra  Pradesh  ,  Utteranchal  ,  Manipur    and  Jammu  &  Kashmir    :    Welcomed  
Odisha   :   Opposed   the   move   saying  that  it  is  anti national .
West Bengal  :    Opposed  and   requested  the   Government   to  withdraw  it  at  once  .
Uttar  Pradesh  ,  Bihar  ,  Madhya  Pradesh   :     Opposed   strongly  .
Punjab  , Jhadkhand   and  Karnatak  :           Declined   to  comment   .


        

      Along  with  this   there  are  some  relaxation  for  FDI   in  Civil   Aviation   and    Broadcasting  sectors   also.







  
2 Comments
Commodity tips link
9/19/2012 10:11:28 pm

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Reply
Sisir link
9/20/2012 02:59:55 am

Thank you for your comments .

Reply



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