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Although India has decided to put FDI in multi-brand retail on hold,
various experts feel that allowing foreign investments in this area will
benefit domestic sectors more than the foreign players like Wal-Mart.
"In my opinion, allowing FDI in multi-brand retail would serve India very well by bringing in the culture of discount stores," V G Narayanan, a 'Thomas Casserly professor' of Business Administration at the Harvard Business School, said.
Narayan, who spent the last month in India, said with large international players entering the country's retail sector, logistics and supply chain management practices will improve considerably, which in turn, will benefit farmers and manufacturers and reduce waste.
"Multi-brand retailers such as Wal-Mart have played a very important role in keeping prices down, while delivering tremendous value to the customers. So, Indian consumers will benefit from lower prices," he said.
Source:http://www.financialexpress.com/news/fdi-in-multibrand-retail-to-benefit-domestic-players-experts/904631/
"In my opinion, allowing FDI in multi-brand retail would serve India very well by bringing in the culture of discount stores," V G Narayanan, a 'Thomas Casserly professor' of Business Administration at the Harvard Business School, said.
Narayan, who spent the last month in India, said with large international players entering the country's retail sector, logistics and supply chain management practices will improve considerably, which in turn, will benefit farmers and manufacturers and reduce waste.
"Multi-brand retailers such as Wal-Mart have played a very important role in keeping prices down, while delivering tremendous value to the customers. So, Indian consumers will benefit from lower prices," he said.
Source:http://www.financialexpress.com/news/fdi-in-multibrand-retail-to-benefit-domestic-players-experts/904631/