Why Global Retailers Are No More Optimistic About India?

Why Global Retailers Are No More Optimistic About India?

By SiliconIndia   |   Wednesday, 26 June 2013, 12:21 Hrs
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Bangalore: Apparently, international business chains were enjoying the situation when Indian government in 2012 lifted control on foreign investment in multiple brand retails.  

Many Indian retails were happy when the government made an inexplicable differentiation between multi- and single-brand retail, as it will help them attract the capital that was needed and at the same time protect their businesses that were under pressure.

But later the government has suggested to review the foreign direct investment (FDI) limit from 51 percent to 74 percent. However, this abovementioned recommendation by government has reduced the buoyancy level in the industry.

According to many sector analysts and company executives, the raise in FDI limit is perhaps unavoidable and unlikely to change.

The government’s policy is so rigid and complicated that, even through an enhanced foreign investment limit is will not change the attitudes of industry as the policy  cannot match the expectations.

Also Read:
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