Rajan Mittal, MD, Bharti Enterprises, says that this decision has been well thought through as you know the pause was there and it has been 10 months and I am sure government has done and has build consensus to make this announcement.
Raj Jain of Bharti Walmart, says that overall, this is a big policy announcement for the Indian economy not only for multi-brand retail but for several sectors and several issues which have been pending for a long time, we welcome the decision.
Kishore Biyani, CEO, Future Group explains to CNBC-TV18 that it took some time for all the stakeholders to realize that it was a win-win proposal. Biyani added that FDI would boost the economy and encourage entrepreneurship in the country.
RC Agarwal, CMD, Vishal Retail, says that currently, we are not in talks with foreign company but this will bring lot of benefits for the government, customers, retailers because from now onwards the home retail industry will consolidate.
Ficci secretary-general Rajiv Kumar explains to CNBC-TV18 that the decision to allow FDI into multi-brand retail will confuse the Opposition and boost the domestic and overseas investment sentiment.
Anil Khatri of Koutons Retail, in an interview to CNBC-TV18, gave his views on how the debt restructuring plan will help the company to grow further as the interest burden will be reduced.
Koutons Retail India in the midst of a debt restructuring package. The chairman of the company DPS Kohli, in an interview on CNBC-TV18 said that the company's current debt levels are at Rs 650 crore. As for the CDR package, he said the proposal has received complete support from the banks.