“Until a decision is formally taken to allow foreign direct investment (FDI) in front-end multi-brand, the big chains can come to India and build up infrastructure and integrate (with) the (small) retailers,” DIPP Secretary R P Singh said.
The Department of Industrial Policy and Promotion (DIPP), an arm of the Industry Ministry, responsible for FDI related matters.
(Published 30 January 2011, 15:50 IST)
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