SME Times News Bureau | 26 Apr, 2010
The government on Monday said that it will come out with six discussion papers by mid May on the country's foreign direct investment policy.
"We will bring out discussion papers and invite suggestion from the public," Secretary Department of Industrial Policy and Promotion (DIPP) R P Singh told reporters on the sidelines of a FICCI function in New Delhi.
When asked what areas the papers will cover, Singh said, "All the issues, which are troubling you will be covered."
Singh indicated that one of the papers would be on the multi-brand retail sector.
While India allows 51 per cent FDI in single brand retail, foreign investment is not permitted in the lucrative multi-brand sector.
According to sources, the papers would also cover sectors like defence, pharmaceutical and agriculture.
