Need to get FDI rolling to save India story: Rajan Mittal

Bharti, one of the Indian players who were hoping to cash in on the retail liberalization, termed the hold-back decision as unfortunate Rajan Bharti Mittal, the Vice Chairman and Managing Director of Bharti Enterprises said that the government saying it will reach out to stakeholders leaves some hope.

"We are hopeful that government will reach a consensus and in the next few days, not weeks and hope that this is just a suspension on FDI in retal. I appeal to the stakeholders to reach at a resolution," he added. He said held the reform in retail need not only mean a thrust to the particualr sector but instead would spill over to the slowing Indian economy and get the India growth story back in track. Further, Mittal also said that the investments in backend, cash and carry will continue. Below is an edited transcript of Rajan Bharti Mittal's exclusive interview to CNBC-TV18. Also watch the accompanying video. Q: For Bharti-Walmart do you believe now that this is a dead issue at least till the UP elections are over? A: We are disappointed; it is an unfortunate decision which has taken place but we are hopeful that it is gone into suspension, which means that there will be some more discussions going around for sometime. Our paper was floated last year, the stakeholders have responded but if there are any fears which we can ally or people who want to discuss about the merits of this decision and it