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Decision on FDI in retail unlikely in the near future

	May 12, 2008

The Government is unlikely to take any major policy initiatives with regard to foreign direct investment in retail in the near future. This is because, apart from the broad political opposition, the Government has come under severe pressure from scores of trade and industry bodies from across the country against FDI in retail. A total of 44 trade and industry associations have represented to the Department of Industrial Policy and Promotion (DIPP), which is the administrative ministry for thi ...