New Delhi: On the FDI in retail issue, battle lines are now clearly drawn between India Inc and the politicians, who are rooting for the neighbourhood grocer. While politicians are divided on the issue Corporate India appears united.
"Retailing in India will bring different contours for farmers, small manufacturers and employment," said Bharti Walmart Chairman Rajan Bharti Mittal.
"Today, modern retail offers creation of 8-10 million jobs over the next 8-10 years. I don't think this kind of employment generation possible in any other industry intervention," said CII National Retail Committee Chairman Thomas Varghese.
The biggest fear of them is - will it create jobs or takeaway jobs?
The industry claims Opening up retail will revolutionised supply chain, cut out middlemen and bring backend technology like the cold storage chain. The end result will be better prices for farmers and cheaper fruits and vegetables.
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