The Government decided in favour of foreign direct investment (FDI) in multi-brand retail.
Apart from throwing India open to foreign-owned and operated supermarkets, the Government also allowed foreign airlines to pick up equity in domestic airlines.
Now, foreign investors can buy into India’s nascent power trading exchanges, as well as cable and satellite distributors of broadcast television.According to Prime Minister Manmohan Singh, the Cabinet’s decisions are aimed to bolster economic growth and make India a more attractive destination for foreign investment. I believe that these steps will help strengthen our growth process and generate employment in these difficult times.
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