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Indian Retail’s Favors Foreign Investment

Indian government has disclosed the plans to slacken foreign direct investment in retail sectors as well as other sectors, a move that could permit to supermarkets into the country. This will be seen as a brave move from rip-off ridden government, indicating showing economy might essentially take congress final seat from New Delhi.

Adi Godrej, president of confederation of Indian industry, welcome the decision of FDI move and declared publicly government has restarted the improvement process. He also said that it is key step in the right way and this will not only ending a long positioning doubt in policy making but also improve investors.

"Replicate the determination of the government to usher in a retail revolution in the country and also signal to the investor community that India is dedicated to advancing reforms”, said R.V. Kanoria, the president of the Federation of Indian Chambers of Commerce and Industry. They also added that the move will introduce new technology and help perk up supply chain infrastructure.

According to estimation of leading consultancy firm, PricewaterhouseCoopers India, opening up the retail sector will show the way to important improvement of supply chain infrastructures, which will aid decrease food waste by 30% to 40%.

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