Decision on FDI in retail expected to be delayed.

By bne IntelliNews September 30, 2011
India's decision on foreign direct investment (FDI) in the multi-brand retail is expected to be further postponed, after the new inter-ministerial disagreements on the politically sensitive matter. As reported by Asia Pulse, the Food and Consumer Affairs Minister K V Thomas stated that there are several disagreements amongst ministries over FDI in multi-brand retail. The disagreements are between the Ministry of Consumer Affairs and the Department of Industrial Policy and Promotion. The Ministry is planning to devise stand on the terms and conditions which should be enforced for allowing the FDI in the multi-brand retail, whose market value has been estimated over USD 500bn.

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