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Fear of FDI in retail sector

 Introduction

Does organised retail really require FDI? The unequivocal answer: Yes Organized retail only 5% market share . Presence of foreign retailers could transform Indias retail in positive way.
-By KUMAR GAURAV(51)

REASON TO SUPPORT FDI IN

RETAILy y
y

MULTIPLE INTERMEDIARIES:Need to enhance efficiencies. Unfound apprehension. CONVENIENCE OF KIRANAS:Concerns of kiranas closing down not based on fact. MORE JOBS:Wrong speculation - it will lead to loss of millions of jobs.

BOTTLENECKS TO FDI :
Land & property laws. Labour laws. Unfavourable tax structure for foreign players.

A win-win situation for everyone.

REQUIREMENTS:1) 50 % investment will be mandatory in back-end infrastructure. 2) Min. FDI investment have to be 100 mn $. 3) Front end operations. 4) Mandatory for retailers to source min. goods from small enterprises. -Thanks.

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