The government's decision to allow foreign direct investment in the business of retail distribution of produce is welcome. Right now, it remains a token of the government's ability to make a rational choice defying Opposition clamour.
This is, indeed, valuable.
This is, indeed, valuable.
However, for the proposed liberalisation to have any impact on the ground, this needs to be seen.
Organised retail will precipitate a whole lot of manufacturing FDI by small labels, who can produce quality stuff but lack the financial muscle to build a distribution network on their own. These, too, will produce additional jobs, incomes and consumer choice. Some small shops will be displaced in the bigger towns, but new organised jobs will be created. The overall social gains far outweigh the costs.
The move is emphatically welcome.
Cheers !!!
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