Labour Ministry supports FDI in multi-brand retail -Governance Now

Labour Ministry supports FDI in multi-brand retail

PTI | December 21, 2011

The Labour and Employment Ministry on wednesday said its opinion was sought by the Government for allowing FDI in multi-brand retail and it had "supported" the proposal.

The Ministry at the same time suggested creation of a suitable mechanism to check "predatory pricing by multi-brand retailers" and "conducting periodic evaluation of impact of allowing FDI on employment", Labour and Employment Minister Mallikarjun Kharge said in the Rajya Sabha on wednesday.

In a written reply, he said comments of his Ministry "were obtained on a note for the CCEA for allowing FDI in multi-brand trading and enhancing limit in single brand retail trading by the Department of Industrial Policy and Promotion".

He added the department had in 2008 conducted a study on 'impact of organised retailing on the unorganised sector' through Indian Council for Research on International Economic Relations and the report was submitted to the government in the same year

The report had highlighted the impact on organised retailing on unorganised sector, impact on consumers, manufacturers, farmer and intermediaries.

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