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റീട്ടെയില്‍ രംഗത്തെ വിദേശ നിക്ഷേപം: ഐ.എന്‍.ഒ.സി സ്വാഗതം ചെയ്തു

Published on 18 September, 2012
റീട്ടെയില്‍ രംഗത്തെ വിദേശ നിക്ഷേപം: ഐ.എന്‍.ഒ.സി സ്വാഗതം ചെയ്തു

Indian National Overseas Congress (I), USA applauds the UPA Government headed by Dr. Manmohan Singh for its bold and courageous decision in allowing Foreign Direct Investment (FDI) in retail. “We strongly believe just as Prime Minister has said in his statement that this move will help to spur economic growth and create jobs.  Undoubtedly, this will send a clear message to the global community as well that India is ready for prime time when it comes to Investments and Trade” said George Abraham, President of INOC (I), USA.  “This much needed reform will also help the consumer who is hit with an 8% inflation in the month of August mainly for food items and we also expect to see quality improved  with products delivered to the market place  and the farmers getting a bigger share of the pie’ the statement added.

BJP and other regional parties are short sighted in their opposition to FDI and they seem to put the interests of the consumer ahead of the middlemen who were raking in profits at the expense of the farmer and the consumer. The retail reform will allow global firms such as Wal-Mart stores to hold a majority stake in a local partner and sell directly to consumers for the first time and it has the potential to transform India’s $450 Billion retail market and tame inflation.

The Manmohan Singh government deserves whole lot of credit for championing the policy despite strong opposition from certain quarters so as a way to unclog supply bottlenecks that cause a third of fresh produce to rot before it reaches an Indian table. INOC (I), USA hopes that global chains will offer better prices to farmers by cutting out middle men, while also pumping investment into cold storage facilities.

റീട്ടെയില്‍ രംഗത്തെ വിദേശ നിക്ഷേപം: ഐ.എന്‍.ഒ.സി സ്വാഗതം ചെയ്തു
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