Business Today

On Record/Parliament deadlock over FDI in Retail

Print Edition: Dec 23, 2012

Anand Sharma
Anand Sharma
When McDonald's and Pizza Hut came, they (the opposition) protested saying business would go... But Nathu sweets, Bikanerwala shops have flourished and expanded
Anand Sharma, Commerce and Industry Minister, to agencies

M. Venkaiah Naidu
M. Venkaiah Naidu
Congress has betrayed Parliament by not keeping its assurance on the issue of FDI. It had opposed FDI in retail while in opposition but now its leaders have become strong votaries of this anti-people policy
M. Venkaiah Naidu, BJP leader, to agencies

We might see small traders co-exist with the big format retail. Traders need to be convinced that they will not go out of business

R.V. Kanoria, President, FICCI, in The Hindu Business Line

Nusli Wadia
Nusli Wadia
India is a country of shopkeepers. We already have a fantastic distribution system, which is convenient for the Indian consumer as there is a small shop in almost every nook and corner. Multinationals will come as it suits them
Nusli Wadia, Chairman, Wadia Group, in Business Standard

The concerns over the displacement of jobs in the informal kirana sector are misplaced because small trade will integrate with the modern supply chain once FDI in retail materialises
R.N. Dhoot, President, ASSOCHAM, to agencies

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