Have taken out 'politics' at Centre from FDI equation: Govt

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'FDI is made in accordance with the investment regime in force at a point in time, which can normally not be amended with retrospective effect'. (Reuters) 'FDI is made in accordance with the investment regime in force at a point in time, which can normally not be amended with retrospective effect'. (Reuters)
SummaryInvestor protection has been ensured in FDI, whoever comes to power at Centre, says govt.

policy," he said.

He added as part of the stakeholder consultations, the matter was also taken up with the state governments.

In formulating the policy, the government was conscious of the livelihood concerns of the millions of small retailers, Sharma said.

"Informed studies of global experience have revealed that even in developing economies like China, Brazil, Argentina, Singapore, Indonesia and Thailand, where FDI is permitted up to 100 per cent, local retailers have found innovative ways to

co-exist along with organised retail and are integral to the organised retail chain," Sharma said.

Further, he said that opening up of FDI in multi-brand retail trade is expected to bring in much needed investments, technologies and efficiencies to unlock the true potential of the agriculture value chain.

It is also expected to bring in global best practices and benefit farmers in the long run in terms of quality, price, greater supply chain efficiencies in the agriculture sector

and development of critical backend infrastructure.

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