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With reference to “Govt tweaks FDI norms to open single brand retail, aviation sector further” (January 11), it comes across as a sagacious step. This would have multiple and assured concrete effects on diverse areas.
A few notable ones to include are: it will provide an impetus to the growth in the retail industry, it will facilitate a multi-channel entry approach for companies, increase competition in the market thereby giving more options both in products and prices to the “king” — the customer. After all, easing of norms coupled with a strict watch on the market by Indian regulatory bodies to avoid undesirable incidents would help realise the potential of this significant step to the fullest.Ramala Kinnera, Hyderabad
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