FDI helps entrepreneurs, gives them access to global market, says top Dabur official

NOIDA: Foreign Direct Investment is good for entrepreneurs and provides them access to global markets, a Dabur India official said today.

" FDI is good for an entrepreneur as he gets an access to global market," said Kartik Kaushik -- Head (Modern Retail), Dabur India Ltd while addressing the summit at Amity University here.

"Retailing is the most fundamental business in India... everyone starts his day with retail," he added.

After battling stiff opposition, government yesterday allowed 51 per cent foreign investment in multi-brand retail but left it to the states to permit global retailers open stores.

It has also tweaked the sourcing norms for FDI exceeding 50 per cent in single brand retail, requiring foreign firms, which want a relaxation of the 30 per cent procurement norms, to set up manufacturing facilities in the country.