FDI in Retail will Create Millions of Jobs- Sharma

Making a strong case for FDI in India’s multi-brand retail, Indian Commerce and Industry Minister Anand Sharma has said that entry of global retail giants would help create millions of jobs and not weaken the unorganised sector as feared. Dismissing “septics and scare mongers” who say FDI in the sector would lead to job losses, Sharma said “it (FDI) will generate millions of jobs from sorting to processing to packaging to marketing”.

“I do not see a situation where the unorganised retail sector will be weakened (by allowing FDI) because they are also moving, modernising and competing,” he said. He was here to participate in the ‘India Show’organised by industry body CII. The Department of Industrial Policy and Promotion (DIPP), under Sharma’s charge, had floated a discussion paper on FDI in the sector and is in the process of formulating a policy. Read more

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s