US hopes India will move forward on FDI in retail | business | Hindustan Times
Today in New Delhi, India
Dec 05, 2016-Monday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

US hopes India will move forward on FDI in retail

business Updated: Dec 13, 2011 09:09 IST

PTI
Highlight Story

US has hoped that India would eventually move towards Foreign Direct Investment (FDI) in multi-brand retail which has been put on hold due to strong protest from key opposition parties.

"We said last week that we felt like it was a deal that was in the best interests of both the United States and the Indian people and businesses and would obviously be a boom to both our economies," State Department spokesman Mark Toner said.

"We want to see it eventually move forward," he said.

It's a decision for the Indian Government to work out, Toner said.