Govt may allow 100% FDI in retail sector

By agencies   |   Thursday, 24 March 2005, 08:00 Hrs
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NEW DELHI:The Center is planning to allow 100 per cent Foreign Direct Investment (FDI) in the retail sector.

Sources close to the Finance Ministry said here that the Ministry was favorably disposed towards allowing 100 per cent FDI in the retail sector.

However, there are certain constraints and the government has to take into confidence its political allies, including the Left, which is opposed to FDI, the sources said.

Finance Minister P Chidambaram in his budget speech had also said the retail sector was an area that could be considered for opening up.

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