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The Government today said it is committed to come out with a policy on FDI in retail but foreign investment must be linked with the development of backend facilities.
“The policy we come out with must involve back-end to front-end linkages in terms of capacity augmentation and investment,” the Minister of State for Commerce and Industry, Mr Jyotiraditya Scindia , said here at India Leather Summit organised by Council for Leather Exports.
He said the Department of Industrial Policy and Promotion is evaluating the report of the expert committee that went into the stakeholders' comments on the discussion paper floated in July last year.
“We are now evaluating it along with other line ministries. We have committed to coming out at least with a policy on FDI in retail in the near future,” Mr Scindia said.
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