Open FDI gate needs support, initiatives: Shoppers Stop

Govind Shrikhande, MD, Shoppers Stop explains to CNBC-TV18 that the FDI initiative had to be supported by further decisions to derive the maximum benefit of foreign investment and domestic growth.

Below is an edited transcript of the reaction on the CNBC-TV18.  Q: What are your initial thoughts about the decision on FDI in multi-brand retail?
A; We have always been a votary of opening of FDI in retail because it is going to beneficial for industry, customers and luring investment into the country. Though it is a good start, it needs to be supported by a lot of initiatives to really derive larger benefits. Q: Do you think there would be other forms of interest apart from the rush of financial investors?
A: I see a rush of financial and other kinds of investors as the market is large. When will you find a bigger and stronger retail market? RELATED LINKS:

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