Govt's policy on FDI is transparent, says Anand Sharma

Updated: September 15, 2012 11:09 IST

After 10 months of rigorous consultations with state governments and political allies to get foreign direct investment (FDI) in multi-brand retail through, the Cabinet decided to go ahead with the policy. Commerce and industry minister Anand Sharma stated that the UPA government’s policy on FDI is transparent. He also said that the government had taken into account opinions of all stakeholders before arriving on the decision. The government also approved 49 percent FDI in the civil aviation sector, which would provide oxygen to the ailing carriers like Kingfisher Airlines.

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