INDIA INC. APPRECIATIVE OF BJP MANIFESTO, EXCEPTING ITS FDIs RESERVATION ON MULTI-BRAND RETAIL: PHD CHAMBER

INDIA INC. APPRECIATIVE OF BJP MANIFESTO, EXCEPTING ITS FDIs RESERVATION ON MULTI-BRAND RETAIL: PHD CHAMBER

INDIA INC. APPRECIATIVE OF BJP MANIFESTO, EXCEPTING ITS FDIs RESERVATION ON MULTI-BRAND RETAIL: PHD CHAMBER

The manifesto of BJP rightly focuses on building a brand India for accelerated manufacturing and creating additional employment and its emphasis on good governance eventually eliminate corruption, says Mr. Sharad Jaipuria, President, PHD Chamber of Commerce and Industry.

He adds that with promise of launching of diamond quadrilateral project, the movements of goods and services would become faster as required to serve the current pace of globalization and additional increased focus on oil & gas exploration will enable India attract huge investments.  Simplified taxation system as is being enunciated by the BJP will endear investors to India.

Agri rail network is still another promise committed in the BJP manifesto, will transform the supply chain system of Indian agriculture, accruing huge benefits to producer farmers and consumers and plug possibilities of wastage of agri commodities, said Mr. Jaipuria.

He, however, added that when the BJP favours foreign direct Investments (FDIs) in wide spectrum of Indian economy, it makes little sense to bar them from multi brand retail since a decision to this effect has already been taken by the government and foreign investments lined up for it.  The move, might send wrong signals to investors if insistence on it is not shed following constitution of 16th Lok Sabha.
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