India should consider 100% FDI in multi-brand retail: CII

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By admin January 14, 2019 20:32

India should consider 100% FDI in multi-brand retail: CII

The Indian Government should consider permitting 100 per cent foreign direct investment (FDI) in multi-brand retail trade and further improve ease of doing business for the sector to promote growth in the segment, the Confederation of Indian Industry (CII) said in a recent report. The suggestions are part of a national retail policy released by CII.

Jointly prepared by CII and AT Kearney, the report said that to overcome barriers and enable a smooth growth and harmonious coexistence of traditional and modern retail, the government needs to adopt a single cohesive national retail policy, which adequately addresses all the concern areas, according to a news agency report.

The policy suggested several steps, including strengthening labour laws by regularising policies around part-time labour to ensure greater participation of women in the workforce; and review of food safety policies to update archaic laws governing stocking limits, weights and measures, labeling, and taxes on expired food items.

admin
By admin January 14, 2019 20:32
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