No rush in decision on FDI in retail: Govt

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The UPA government at the centre has decided not to take any rush decision on FDI in retail.

“The government is in the midst of deciding a policy on FDI in retail sector. However, the decision can’t go that easy, that fast,” said Vyalar Ravi, minister for overseas Indian affairs, while speaking at the ‘India – Your Partner’ global trade and investment conference, in Mumbai.

Ravi emphasised that though the UPA government was keen to pursue economic reforms, it cannot shed India’s position as a welfare state.

Referring to agitations by farmers and land owners against various special economic zone (SEZ) projects, the minister said that the government was committed to protect the people’s interest.

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