Hotline: 1800 102 2007
X
Search Business Opportunities
2014-02-25

FDI in retail may not benefit Indian MSMEs: Parl panel

Observing that FDI in multi-brand retail sector may not benefit Indian MSMEs, a Parliamentary panel has asked the MSME Ministry to commission a survey to gauge the impact of earlier FDI policies on the sector.

Observing that FDI in multi-brand retail sector may not benefit Indian MSMEs, a Parliamentary panel has asked the MSME Ministry to commission a survey to gauge the impact of earlier FDI policies on the sector. 
 

The committee on impact of FDI in multi-brand retail on MSME sector in its report said, “The Committee is of the opinion that the FDI for retail may not have beneficial impact on the MSME sector.” 
 

The committee suggested the MSME Ministry to commission a survey to assess the benefits and losses of previous FDI policies on the MSME sector to ascertain if FDI policy so far has created any back-end infrastructure, imparted skills to domestic manpower or upgraded managerial skills. 
 

Highlighting that the government has not conducted any study on the impact of FDI since 1997, the Committee said the debate in Parliament reflects lack of consensus on the impact of FDI in various emerging economies and it was inaccurate to state that discussions generally indicated support for FDI. 
 

The central government had permitted 51 per cent FDI in multi-brand retailing in September 2012, leaving its implementation to the states. 
 

So far, only UK-based Tesco's proposal to invest in the sector has been approved by the Centre. The Committee is chaired by Member of Parliament in the Rajya Sabha K C Tyagi.

 

Related opportunities
  • Juices / Smoothies / Dairy parlors
    About Us:   The Crêpe Café is BFC Retail Group ’s..
    Locations looking for expansion New Delhi
    Establishment year 2001
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 750
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Quick Service Restaurants
    About Us: This quintessential restaurant will transport you to a European..
    Locations looking for expansion Andhra pradesh
    Establishment year 2008
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Shaikpet Andhra pradesh
  • About Us: Mandalas Impresa - A vision of understanding the culinary..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Laundry & Dry Cleaning
    About U Clean: At UClean, we are building India's first organized..
    Locations looking for expansion New Delhi
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater South Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts