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India Retail Forum 2011 (IRF) 2011:

20 – 21 September, 2011 (Day 1)

FDI in Retail: Understanding the issues

One of the major discussions of India Retail Forum (IRF) 2011, held in Mumbai at Hotel Renaissance, was on FDI in retail. Ajith Mathew George, Director – Projects of Sysfore Technologies, who was at IRF 2011 shares some views:

“Mr. Abheek Singhi pointed out that organized retail in India is still a single digit figure less than 5%. He added that after liberalization the SSI sector only doubled in each decade since the 80s and hence there is no need to worry about FDI liberalization. FDI in China, Brazil and Thailand has shown growing tax revenues for the government and has also removed tax evaders.

According to Mr. Ajit Joshi, it is mostly the Indian IT supporting retail globally and oversees players are not going to bring in major tech break-through to retail IT. FDI in retail means involvement in every aspect of the lifecycle of retail sector including supply chain, manufacturing, logistics, warehousing, IT, store design, etc., says Raj Jain of Walmart.

The traders association represented by Mr. Bhartia and Mr. Viren couldn’t justify the opposition made by them against FDI in retail. Rajiv Kumar, Secretary General of FICCI said it may take minimum of 2 years for the Indian government to make a decision on FDI in retail.

NDTV anchor Manvi Dhillon did a wonderful job in maintaining a lively panel.”

Post-script:  FDI in Retail continues to be a contentious issue in India. Since the conference, the Government of India announced  measures  to enourage more FDI into the Retail sector. It has subsequently put these measures on hold due to objections from Opposition parties, and certain sectors of India society.

In picture (Left to Right) – Manvi Dhillon, Abheek Singhi, Ajit Joshi, Thomas Varghese, Bijou Kurien, Kishore Biyani, BC Bhartia, Raj Jain, Viren Shah, Dr. Rajiv Kumar

India Retail Forum 2011 (IRF) 2011:

20 – 21 September, 2011 (Day 1)

FDI in Retail: Understanding the issues

One of the major discussions of India Retail Forum (IRF) 2011, held in Mumbai at Hotel Renaissance, was on FDI in retail. Ajith Mathew George, Director – Projects of Sysfore Technologies, who was at IRF 2011 shares some views:

“Mr. Abheek Singhi pointed out that organized retail in India is still a single digit figure less than 5%. He added that after liberalization the SSI sector only doubled in each decade since the 80s and hence there is no need to worry about FDI liberalization. FDI in China, Brazil and Thailand has shown growing tax revenues for the government and has also removed tax evaders.

According to Mr. Ajit Joshi, it is mostly the Indian IT supporting retail globally and oversees players are not going to bring in major tech break-through to retail IT. FDI in retail means involvement in every aspect of the lifecycle of retail sector including supply chain, manufacturing, logistics, warehousing, IT, store design, etc., says Raj Jain of Walmart.

The traders association represented by Mr. Bhartia and Mr. Viren couldn’t justify the opposition made by them against FDI in retail. Rajiv Kumar, Secretary General of FICCI said it may take minimum of 2 years for the Indian government to make a decision on FDI in retail.

NDTV anchor Manvi Dhillon did a wonderful job in maintaining a lively panel.”

Post-script:  FDI in Retail continues to be a contentious issue in India. Since the conference, the Government of India announced  measures  to enourage more FDI into the Retail sector. It has subsequently put these measures on hold due to objections from Opposition parties, and certain sectors of India society.

In picture (Left to Right) – Manvi Dhillon, Abheek Singhi, Ajit Joshi, Thomas Varghese, Bijou Kurien, Kishore Biyani, BC Bhartia, Raj Jain, Viren Shah, Dr. Rajiv Kumar

Means for good deeds

 


The Prophet Muhammad (peace be upon him) said: “Those who are the means for good deeds are the same as those who perform good deeds.” Al-Tirmidhi 14


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Islamic Research Foundation / Dr.Zakir Naik / IRF   The Prophet Muhammad (peace be upon him) said: “Those who are the means for good deeds are the same as those who perform good deeds.” Al-Tirmidhi 14