Bangalore: Hailing the Centre's decision to allow FDI in retail, Tata Steel Managing Director H M Nerurkar has said more steps needed to be taken to bring the economy back on track.
"I do not think the farmer community will be harmed. Rather they will benefit by the decision to allow FDI in the retail sector," he said while replying to a question on the sidelines of the 9th Convocation of Tata Football Academy here yesterday.
He said more such initiatives were needed to be taken to check the prevailing economic slowdown and bring the economy back on the track.
The government proposals on development projects, particularly in the infrastructure sector, has to bring on ground soon to achieve the goal, he added.
Nerurkar, however, regretted that nothing much was taking place as far as Greenfield projects in the steel sector or the infrastructure front was concerned.
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