No decision yet on FDI in supermarkets, says govt

Jul 25 2014, 14:40 IST
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Narendra Modi government is yet decided its stance on a policy in place to allow FDI in supermarkets. Narendra Modi government is yet decided its stance on a policy in place to allow FDI in supermarkets.
SummaryBJP-led govt opposes policy put in place by UPA to allow foreign supermarkets to operate in India.

The new government has not decided its stance on a policy in place to allow foreign direct investment in supermarkets, trade minister Nirmala Sitharaman told lawmakers in a written reply in Parliament on Friday.

The Bharatiya Janata Party-led government opposes the policy put in place by its predecessor to allow foreign supermarkets to operate in India. But the new administration has not been clear whether it will revoke the policy.

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