India assures global CEOs of FDI in retail
In the aftermath of FDI suspension in multi-brand retail, India today sought to dispel apprehensions regarding alleged policy paralysis in the country. In a meeting with the chiefs of global retail chains Wal-Mart and the Metro Group at the World Economic Forum (WEF) in Davos, Commerce and Industry Minister Anand Sharma said, “It (51 per cent FDI in multi-brand retail) could not be implemented because of the compulsions of coalition politics as also partisan opposition... It is just a pause.
Read Full Story>>