Opposition to foreign direct investment (FDI) in the country’s retail sector from an unlikely quarter – Britain, which is a key point of origin for companies looking to build supermarkets in India. British MP David Amess told Hindustan times that the Indian Government to tread “very carefully” if it opened up the multi-brand retail sector to FDI because the entry of companies like UK-based retailer Tesco would”literally change the fabric of life in India” by endangering small shops. Amess chairs the British All Party Parliamentary Group on Small Shops (APPGoSS). Source
Sunday September 5th 2010
