Kirana shops cheer FDI in wholesale, not retail

Is the threat posed by foreign multibrand retailers to local kirana stores for real? The government has put the decision to allow foreign direct investment (FDI) in multi-brand retail in cold storage. But Hindustan Times conducted a dipstick survey of small storeowners in three cities — Delhi, Zirakhpur near Chandigarh and Bangalore — where three multinational retailers have cash-and-carry wholesale stores.

Read Full Story>>