than a million will have the right to allow the retail companies to set up shop anywhere, the states with larger populated cities should also get a similar benefit.
If approved, this would provide a fillip to retail real estate, as companies such as Walmart and Carrefour typically have store formats requiring large areas. Experts, however, believe that the flip-flops happening over FDI in multi-brand retail will not radically alter the direction. “There has been a continuous change in retail FDI policies but its only being aimed for improvement. So while in short term there might be concerns, however, the sector is bullish on long term perspective as most international retailer are expanding operations in India,” says Jain.