Govt Has Really Unleashed Farmer Productivity
Hailing the Indian Government’s recent decision to allow 51% FDI in multi-brand retail and 100% in single-brand retail, Mr Chandrajit Banerjee, Director General, CII, says the move will benefit the economy and further promote inclusive growth, benefiting farmers, consumers and workers. According to a recent CII-BCG study estimate, an investment of USD 60 billion is required to build modern retail supply chains in India. FDI in Retail will help meet this need, and also bring in the technology, and expertise of foreign retailers. The article appeared in The Financial Express dated 29 November 2011.
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