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Study on impact of FDI, big players' entry in retail
Our Bureau
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New Delhi
Feb. 27
The Ministry of Commerce and Industry on Tuesday said that it had commissioned a study on the impact of foreign direct investment (FDI) and big retail players on the domestic retail sector, as suggested by the Prime Minister's Office (PMO).
"I have asked the Indian Council of Research in International Economic Relations (ICRIER) to do a holistic study to determine the impact of big investment from the organised sector, including FDI, in retail on not only small shops, but also the other segments of the society," said the Union Minister of Commerce and Industry, Mr Kamal Nath.
The Council is expected to submit its report in the coming three to four months.
The study would not limit itself to the impact on small players, but would also cover consumers, suppliers and dislocation, the Minister said. "It would deal with the issue of big versus small and not just FDI." In an earlier study the think-tank had favoured FDI in retail.
Mr Kamal Nath also said while the review of FDI in specific sectors was an ongoing process, the Ministry's proposal to open foreign investment in electronics and sports goods among others could slightly be delayed till the report is received.
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