India Inc welcomes nod to FDI in multi-brand retail
being defeated convincingly in Rajya Sabha, as BSP voted in favour of the UPA.
Commercial real estate services firm CBRE said this is a positive move by the government which will be a game-changer for the real estate industry in India.
"It will encourage international retailers to look at India as a destination to set up their operations resulting in creating opportunities in supply-chain management, warehousing and better quality products at competitive prices," CBRE South Asia Chairman and MD Anshuman Magazine said.
Further, Ficci said that to realise the full benefits of this reform initiative, action will need to be taken to implement GST at the earliest.
Buoyed by the victory on the FDI issue in Parliament, Parliamentary Affairs Minister Kamal Nath said the government will bring more bills in coming weeks for ushering in economic reforms.
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