SMEs favour 100% FDI in single-brand retail: Survey

Our Bureau Updated - March 12, 2018 at 12:39 PM.

Small and medium enterprises (SMEs) support 100 per cent foreign direct investment (FDI) in single-brand retail and speedier implementation of 51 per cent FDI in multi-brand retail, says a survey by Confederation of Indian Industry (CII).

According to the survey, 52 per cent respondents hope for early implementation of the FDI in multi-brand retail with the required notification. Nearly 66.7 per cent see entry of MNC retailers as an opportunity, while around 21 per cent perceive it as a threat.

Over 56 per cent of respondents are of the view that the Government's decision of mandatory sourcing a minimum of 30 per cent from Indian micro and small industry will help in achieving qualitative improvements. Around 68.7 per cent are of the opinion that the opening up of retail would lead to supply chain efficiencies and 98.6 per cent are of the opinion that it would augment their sales.

The survey indicates that 98 per cent of the respondents expect the size of their company to grow with the opening of multi-brand retail along with 100 per cent FDI in single-brand retail.

Around 48 per cent respondents are of the opinion that the decision will have a positive impact on employment, whereas 35 per cent expect no change in the employment scenario.

Published on January 27, 2012 16:36