He congratulated Prime Minister Manmohan Singh for this "bold initiative".
"The move will benefit all stakeholders, especially the farmers. Haryana, which accounts for 44 per cent of the NCR area, offers a huge market for investment," the Chief Minister said.
Hooda said adequate safeguards had been taken to protect the interest of small retailers.
He said the investment in organised retail trade by foreigners would bring in latest technologies in preventing wastage of food due to lack of post-harvest infrastructure.
"The opening up of the retail trade will also boost investors