The opposition today launched an all out attack against the government on the recent cabinet decision to allow foreign direct investment (FDI) in multi-brand retail.
Speaking to CNBC-TV18's Rituparna Bhuyan, Commerce Minister Anand Sharma says that FDI-funded stores will have to mandatorily source 30% of their total procurement from Indian SMEs. He says that it was not obligatory for states to have FDI-funded retail stores, but those states that are unwilling should not pressurise other states to block the reform.
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