There has been lot of interest around retail companies and whether or not they will be looking to captialise once foreign direct investment (FDI) in retail is opened up.
Sanjiv Goenka, vice chairman, CESC speaking to CNBC-TV said this policy is welcome move; it will help to tame inflation and provide employment. However, he is not sure if all the states will allow FDI in retail industry immediately. Goenka further said CESC is open to investing in back-end infrastructure of its unlisted retail subsidiary Spencer's. "Almost every major player is in dialogue with almost every major Indian player but that is more by way of engaging and accessing. Whether we will eventually get a player, strategic investor or not remains to be seen," he added. Below is the edited transcript of GoenkaDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
