The agricultural ministry is demanding 100% foreign direct investment (FDI) in multi-brand retail and is keen that 50% of this should be for back-end, sources from the government tell CNBC-TV18.
Multi-brand FDI improves efficiency in retail and boosts exports of farm products, the ministry said adding, that more suppliers are needed in order to grow the economy.Discover 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!
