SME sourcing clause in retail FDI could change

“Now, they will come up with the business proposals. They met me in Davos – chairman of Tesco and chairman of Wal-Mart. In business decisions of this magnitude, we are talking of hundreds of millions of dollars and in some cases billions of dollars. They do take time. When they put together their whole proposal, things will move. What is important is that there has been a very firm reaffirmation by India through these policy decisions, complex and difficult as they were. We have a biding commitment to the reforms agenda to open up a welcoming environment for the foreign investors,” Sharma said.