Govt suspends foreign supermarket entry after backlash
The govt has decided to put on hold a decision to open the country`s supermarket sector to foreign firms such as Wal-Mart Stores Inc, the finance ministry said in a statement on Wednesday after a meeting of the government and opposition parties.
Industry feels let down with recall of FDI in retail
Govt decision to hold back FDI in retail is a highly regressive move, FICCI said.
Industry appears divided on FDI in multi-brand retail
CII recommends a calibrated approach for introducing FDI in the retail sector.
FDI in retail; political supremacy has been established: CAIT
Pranab tells oppn about govt decision to keep FDI move on hold
To inform Parliament which states backed FDI in retail: Sharma
Supply chain chaos next hurdle for global retailers
Without local expertise overseas players could struggle to stack the shelves.
Indian retail sector is estimated to have annual sales of $450 billion.
90% of the retail market controlled by tiny family-run shops.
Organised retail makes up less than 10% of the market.
Pantaloon Retail , is the country`s largest-listed retailer.
Wal-Mart Stores Inc has a cash-and-carry operation with local partner Bharti.
Have Your Say
Time catches up with bazaars
The ragged, tiny shops seem a stain on the Asian juggernaut`s modern ambitions.
Will FDI in retail leave consumers, traders suffering?
All the facilities which are required on the ground to be implemented (for FDI in retail) are to be provided by the state governments and we are telling them please go between the lines.
- Finance Minister Pranab Mukherjee
Govt puts retail FDI on hold
'No roll-back in retail FDI'