latest news to hit yesterday india, apart from shrad pawar attack was FDI in RETAIL...
What is FDI ?
What is FDI RETAIL issue in INDIA??...
WE'll find it out..!!!!!!!!!!
after a long protest against the FDI in retail sector by the LEFT, upa govt. has finally aproved the plan.
foreign direct investment is actually the amount of foreign ownership in infrastructure like factories, land, any organization.. etc. i.e. any foreign body can invest in the country's different sector within their LAWs.
now, in the world of globalization FDI has became a boon for the ECONOMY to gloom specially for the developing countries like india and china.
The Union Cabinet on Thursday cleared 51 per cent foreign direct investment (FDI) in multi-brand retail and 100 per cent FDI in single brand retailrst let me tell you what is FDI ??
there are certains breakers provided by the GOVT. in retail sector for the companies : -
- The global retail chains like Walmart and Carrefour will have to source at least 30 per cent of their requirements from small industries.
- Besides, they will be allowed only in cities with one million people. there are only 53 cities which comes under this limit.
- foreign org. must set up the cold storage for the food items.
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