Shortly after coming into power, Delhi CM Arvind Kejriwal has written to the Department of Industrial Policy and Promotion (DIPP) withdrawing its permission for foreign direct investment in retail, thereby becoming the first state to do so, reports IBNLive. This was mentioned in the Aam Aadmi Party's manifesto for the Delhi elections last month, wherein the party had said it intends to protect small retailers from their organized retail competitors. Therefore this development is not surprising but points out how bizarre and myopic the central government's FDI in retail policy is, since the previous Congress government had granted permission for FDI in multi-brand retail in Delhi. Why The Government FDI In Retail Policy Is Flawed Indian government had earlier left the decision on the state governments on whether they intend to approve foreign direct investment in the state or not, when it had relaxed the FDI…
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