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Voices on FDI decisions

Business Standard 

The policies announced would stimulate a positive growth environment and enhance business optimism. It would be important that FDI in multi-brand retail benefits the Indian farmer and creates a sustainable value chain 
Y C Deveshwar Chairman, ITC

"These developments show reforms have restarted and also implies the GDP growth will improve and increase employment" 
Adi Godrej

President, CII

I think Anand Sharma has pulled a rabbit out of his hat... FDI by itself is not going to bring change, but I think it sends a signal to the world that India is ready for business and India is serious about reforms (hike in diesel prices, FDI in aviation) 
Venu Srinivasan
CMD, TVS Motor Company

The policy paralysis of the government, what it was unable to do in the last one year, they have done all of it in one hour. We are expecting at least $15 billion to come in multi brand retail alone” 
Chairman, Videocon Group

These are very positive steps taken by the government. These will send the right signal to global investors and also build confidence among domestic investors. 
Sajjan Jindal,
Chairman, JSW Steel

I think this is the time when government can do big-bang reforms and their pushing the reform at this stage, though a little late, would help the economy to recover from the slump." 
M Govinda Rao
Member, Prime Minister's Economic Advisory Council

“It’s great to finally have a green signal from the government on FDI in multi-brand retail. As such, the policy fineprint remains the same, but it is a good starting point. ”
Govind Shrikhande
Customer Care Associate and Managing Director, Shoppers Stop Ltd

It is a positive step. It was long overdue. Specially when the industry is moving to digitisation, it is significant. With digitisation, we are looking at 100-150 million cable homes and it requires serious funding, available in the global markets. 
Uday Shankar
STAR India CEO and president, Indian Broadcasting Foundation

“FDI in multi-brand retail is positive for Indian industry and retail sector. Through this, the government has put the country’s development back on track. The fact that the government moved ahead with this step is appreciable” 
Chairman, R P-Sanjiv Goenka Group

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First Published: Sat, September 15 2012. 00:28 IST