An inter-ministerial panel on multi-brand retail is likely to meet this week to finalise its report giving pros and cons of opening up the politically sensitive sector to foreign investment.
The panel, headed by senior economic advisor in the consumer affairs ministry, would be finalising its report based on the feedback in response to a discussion paper issued by the Department of Industrial Policy and Promotion (DIPP).
When asked whether a definite view will be conveyed to the DIPP by the panel, a senior official said: "We cannot make any suggestion. We have simply analysed the feedback. It is the DIPP which is responsible for steering the FDI policy."
At present, a draft has been circulated for comments among the members of the panel, which has representation from five ministries - agriculture, finance, DIPP, food processing and micro, small and medium enterprises.
Of 180 responses, 113 are opposed to opening up of the section, while only 65 have agreed to it.