Indian retail controls under pressure

March 11, 2010 |

Fruitnet 2 Mar 10 

Rising food costs are putting pressure on the Indian government to open up the country's retail sector

India may be on the brink of opening up its tightly regulated retail sector as the pressure of rising food prices mounts.

As he announced his budget on Friday, finance minister Pranab Mukherjee stated the country must find ways to reduce agricultural wastage and improve the efficiency of its supply chain, reported the Financial Times.

"We need greater competition and therefore need to take a firm view on the opening up of the retail trade," Mr Mukherjee said.

"It will help in bringing down the considerable difference between the farm gate prices, wholesale prices and retail prices

Full story at http://www.fruitnet.com/content.aspx?cid=5983&rid=

Average rating
 
 
 
 
 
(0 votes)