Commerce and Industries Minister Anand Sharma said that the decision on allowing foreign direct investment (FDI) in multi brand retail will be taken at the “appropriate time.” Addressing a press conference here, Sharma said, “An in principle decision has been taken...... Some political parties are opposing because of their ideology, but some of them are opposing purely for political reasons as they oppose UPA.”

He claimed that a large number of political parties and States are in favour of FDI in multi brand retail.

(This article was published in the Business Line print edition dated August 4, 2012)
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