The Cabinet on Wednesday allowed 100 percent foreign direct investment (FDI) under the automatic route for single-brand retail. To discuss in detail what would be the positive impact of the above development on ground for the retail companies CNBC-TV18 spoke to Rakesh Biyani, Joint MD, Future Retail, J Suresh, MD and CEO, Arvind Lifestyle Brands and to know the impact on their growth and stock prices, they spoke to Abneesh Roy, Senior VP, Edelweiss Securities.

Landmark announcement on reforms: Bharti Enterprises

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.

FDI will attract funds into supply chain: Bharti Walmart

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.

FDI is win-win for all stake-holders concerned: Biyani

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.

Not in talks with any foreign cos: Vishal Retail

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.

Opening of FDI gates will stymie Oppn, boost FII: Ficci

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.