India - Retail may get industry status before FDI

by Deepak Sharma on Monday, November 07, 2005

Economic Times reports that Indian Govt is working on according industry status to retail before allowing FDI in the sector.

The commerce & industry ministry is pitching strongly for the this move. In a communique to the PMO, it has said that the “domestic retail industry should be accorded a level-playing field by granting it industry status.” This view is based on a report prepared by the Centre for policy alternatives, which also suggests the government adopt a “gradual” approach towards allowing FDI in retail.

It is felt that resistance to FDI in retail may soften if a level-playing field is provided. It may be easier to convince the Left on this issue. Retailers Big Bazaar, Vishal Mega Mart and Trent will find it easier to strengthen their position once the sector gets industry status.

3 comments

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