NRI Sabha, Canada urges Indian Govt. to safeguard the interests of marginal shopkeepers too.
Jalandhar, December 3
Jalandhar, December 3
The Indo-American Friends Group has welcomed the move of the UPA government of allowing FDI in retail, saying that it will not only lower the rate of inflation but also create more job opportunities.
“It will also bring about efficiency in the retail supply chain. There will be lesser food wastage in India where about 25 per cent of food produced gets wasted owning to lack of cold storages. It will also benefit farmers after the elimination of middlemen between farmers and retailers,” said Raman Dutt, chairman of the California-based group.
The government has also introduced some restrictions like foreign retail stores could be opened up only in areas having a population of more than one million, 30 per cent of the manufactured and processed products should be from small industry and 50 per cent of the investments have to be incurred on back-end infrastructure.
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