CII disappointed with hold-up in FDI in retail

Industry body CII is quite disappointed with FDI in retail put on hold. CNBC-TV18 catches up with director general of the organization, Chandrajit Banerjee to discuss the industry's view on the government's decision to suspend the 51% FDI in multi-brand till a consensus is reached.

Below is the edited transcript of the interview. Also watch the accompanying video. Q: Is industry more disappointed with the fact that there seems to now be back that policy paralysis which we have been talking about for several months now?
A: The reason why this entire issue of FDI in multi-brand retail had to move through was to give the street an impression, both in terms of sentiments internally, and to the outside world that yes, we are not in any type of a policy paralysis and things are moving. One of the most important ones, the game changer so to say, is FDI in multi-brand retail that was very much at there on cards. It is very disappointing that it didn