FDI IN FOOD PROCESSING COULD LET GOVT COME OUT OF MULTI-BRAND LOGJAM

Even before the government has given out the fine print on what it means by 100 per cent foreign direct investment (FDI) in the marketing of processed food, the interpretation in several quarters is that this is a backdoor entry for international multi-brand retailing. These are early days and without a government notification spelling out the retailing implications, the jury is out on how FDI in food processing will play out on the ground. Foreign supermarket majors such as Walmart and Tesco might not gain much from this Budget announcement, as they might not opt to change their ...