Aviation, retail FDI next step?

The government is planning to announce key reforms in the coming weeks, including a possible easing of norms for foreign direct investment (FDI) in multi-brand retail and aviation to boost India’s sagging image as a global investment hotspot.

The government is planning to announce key reforms in the coming weeks, including a possible easing of norms for foreign direct investment (FDI) in multi-brand retail and aviation to boost India’s sagging image as a global investment hotspot.

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On Thursday, the Indian head of French retail giant Carrefour, Jean Noel Bironneau called on commerce minister Anand Sharma amid calls from sectoral players to open multi-brand retail to FDI.