It was exactly six years back in November 2005, that after my brief visit to Hong Kong and having witnessed the retail markets and malls there, I formed a firm opinion that we should have more and more FDI in Retail.
In a debate published in the ICFAI Reader (monthly publication from Hyderabad), in a panel comprising of myself, Mr PT Giridharan, Mr Sundar Sankaran and Nitisha Patel, I was very forceful in stating that it was time for India to invite or allow more and more FDI in Retail. During the NDA regime at the Centre, the retail market was opened up and the buzz words were 'India Shining' and "Feel Good Factor". Unfortunately, these slogans did not give the desired impact to the political system. However, the successive governments have been favourably disposed to allow more FDI than the 26% prevailing then. I advocated it to be raised to 74%, if not the current debate of 100%.
If an ordinary citizen and an academician can foresee the markets and investment opportunities six years back, why not the planners and policy makers instead of fighting in the Parliament wasting public money?
In a debate published in the ICFAI Reader (monthly publication from Hyderabad), in a panel comprising of myself, Mr PT Giridharan, Mr Sundar Sankaran and Nitisha Patel, I was very forceful in stating that it was time for India to invite or allow more and more FDI in Retail. During the NDA regime at the Centre, the retail market was opened up and the buzz words were 'India Shining' and "Feel Good Factor". Unfortunately, these slogans did not give the desired impact to the political system. However, the successive governments have been favourably disposed to allow more FDI than the 26% prevailing then. I advocated it to be raised to 74%, if not the current debate of 100%.
If an ordinary citizen and an academician can foresee the markets and investment opportunities six years back, why not the planners and policy makers instead of fighting in the Parliament wasting public money?
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