Today in New Delhi, India
Oct 22, 2018-Monday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

No decision on FDI in supermarkets: trade minister

The new government has not decided its stance on a policy in place to allow foreign direct investment in supermarkets, trade minister Nirmala Sitharaman told lawmakers in a written reply in Parliament on Friday.

business Updated: Jul 25, 2014 13:06 IST
Reuters
foreign direct investment,supermarkets,Nirmala Sitharaman

The new government has not decided its stance on a policy in place to allow foreign direct investment in supermarkets, trade minister Nirmala Sitharaman told lawmakers in a written reply in Parliament on Friday.

The Bharatiya Janata Party-led government opposes the policy put in place by its predecessor to allow foreign supermarkets to operate in India. But the new administration has not been clear whether it will revoke the policy.

First Published: Jul 25, 2014 13:03 IST