Published on Tue, Apr 27, 2010 at 14:33 | Source : Reuters
Updated at Tue, Apr 27, 2010 at 15:17
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FDI stance on retail unchanged: Anand Sharma
There is no change in India's policy on opening up retail sector to more foreign direct investment (FDI) as of now, Trade Minister Anand Sharma told reporters on Tuesday.
There is no change in India's policy on opening up retail sector to more foreign direct investment (FDI) as of now, Trade Minister Anand Sharma told reporters on Tuesday.
The current policy allows 51% FDI in single-brand retail only.
The Trade and Commerce Minister also said that it would take a considered view on further export support measures and that the DGFT carrying out a sectoral review on exports. Sharma said he expects to achieve the USD 500 billion export target by 2014
