Kiranas under no threat from foreign investment: Ficci, CII

Amid protests on FDI in retail, the day saw the country’s top two industry chamber Confederation of Indian Industry (CII) and the Federation of Indian Chambers of Commerce and Industry (Ficci) addressing press conferences to allay fears that entry of foreign retailers would lead to displacement of kirana stores and loss of jobs. On the contrary, they said that they would create more jobs.

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