Paper on FDI in retail by early '06
The Planning Commission on Friday said the draft paper on opening up the retail sector for foreign direct investment is likely to be presented to the Prime Minister's Office early next year.
By PTI |
NEW DELHI: The Planning Commission on Friday said the draft paper on opening up the retail sector for foreign direct investment is likely to be presented to the Prime Minister's Office early next year.
"We are looking into the pros and cons to allow FDI in retail. Internal discussions are on. I think the paper should be ready next year," Planning Commission Deputy Chairman Montek Singh Ahluwalia said on the sidelines of the 58th AGM of Assocham.
He said the Commission was studying the ICRIER study on FDI in retail, which had suggested opening up the sector in a phased manner. Ahluwalia, however, declined to give any definite time frame on when the paper would be ready.
"I do not want to give a definite time. But we want an early resolution of the matter. We have said that FDI should be allowed in retail in the MTA of the Tenth Plan," he said.
The Cabinet note on the issue would be moved by the Commerce and Industry Ministry as it is the nodal ministry, he said. On the much awaited Integrated Energy Policy, Ahluwalia said the energy coordination committee headed by the Commission's member in charge of energy, Kirit Parekh, would give its report by this year end.
"Final round of discussions are on and by this year end the final draft of the policy should be ready," he said. Regarding the SPV for infrastructure development, he said that it would take off by this year end once it is cleared by the Cabinet.
"We are looking into the pros and cons to allow FDI in retail. Internal discussions are on. I think the paper should be ready next year," Planning Commission Deputy Chairman Montek Singh Ahluwalia said on the sidelines of the 58th AGM of Assocham.
He said the Commission was studying the ICRIER study on FDI in retail, which had suggested opening up the sector in a phased manner. Ahluwalia, however, declined to give any definite time frame on when the paper would be ready.
"I do not want to give a definite time. But we want an early resolution of the matter. We have said that FDI should be allowed in retail in the MTA of the Tenth Plan," he said.
The Cabinet note on the issue would be moved by the Commerce and Industry Ministry as it is the nodal ministry, he said. On the much awaited Integrated Energy Policy, Ahluwalia said the energy coordination committee headed by the Commission's member in charge of energy, Kirit Parekh, would give its report by this year end.
"Final round of discussions are on and by this year end the final draft of the policy should be ready," he said. Regarding the SPV for infrastructure development, he said that it would take off by this year end once it is cleared by the Cabinet.
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