ICC plans report on FDI in food retailing, NPA

Indian Chamber of Commerce has decided to prepare a detailed report on retailing of food products in India with a special focus on West Bengal--a state striving for investments with inherent potential in agricultural and food processing.
"We have decided to undertake a study on food retailing in the wake of 100 per cent FDI permitted by the Centre. The study will keep a focus on West Bengal where agricultural strength is high for harness," ICC president Aditya Agarwal said here today .
Adding further, ICC vice-president Shashwat Goenka said the report will be recommendary in nature bring forward the issues, potential and recommendations for both state and Central government.

Goenka, part of RP Sanjiv Goenka group, has interest in retailing, is now managing retail chain Spencer's
The chamber also wishes to come out with a report engaging a multinational consultany firms on Non-Performing Assets issue.
"NPA is an national issue and so we aslo want a report on this," Agarwal said.
Asked for views on wilful defaulter debate going around, Agarwal said, "If money is taken then it should be repayed. But at the same lenders should see 'the bird should not be killed.'"
Laying the ICC's roadmap for the current fiscal, the office-bearers said beside reports on some other sectors, a India-Mayanmar-Thailand Friendship rally will be organised to commensorate the international motor vehicle treaty.