In an ambitious move to respond to demands of the recent times, the Union cabinet on 25 November gave its approval to foreign direct investment (FDI) in multi-brand retail trading (MBRT) and increased the existing FDI cap in single-brand retail trading (SBRT). The announcement of the proposed opening up led to huge protests.
Due to mounting political pressure, in what is considered to be a regressive step, the government on 7 December announced a partial rollback of the proposed policy and suspended its decision to implement the changes.
Managing partner
Chitale & Chitale
Partners
The rollback pertains to only MBRT and the government is still mulling over the proposal with respect to SBRT. The policy announcement and subsequent events have attracted wide attention from all corners, partly because the retail sector is one of biggest employers in India, second only to agriculture.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章，欢迎成为我们的订阅会员成为我们的订阅会员。
Suchitra Chitale is the managing partner of Chitale & Chitale Partners, a full-service law firm based in New Delhi. Maitry Kakade is an associate with the firm.
[INSERT LOGO OF Chitale & Chitale Partners]
C-83, Neeti Bagh
New Delhi – 110049, India
Tel: +91 11 4164 2965 / 66 / 67
Fax: +91 11 4164 2964
Email: suchitra@chitales.com
