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Corporate America hails FDI reforms in India Washington: Corporate America on Thursday welcomed the bold move of the Indian Cabinet to permit foreign direct investment in multi brand retail and remove the cap on FDI in single brand business, jerseys noting that it would help bring down inflation and create thousands of jobs. "The singular act of opening the multi brand retail sector to foreign direct investment will significantly benefit the Indian consumer by spurring the modernisation of India s vast agri retail marketplace," said Ron Somers, the president of the US India Business Council. "Investments will now flow into India s farm to market supply chain, which will usher in expertise and bring efficiencies to India s supply chain infrastructure. Food price rise and inflation will now effectively be tamed," he said. "Opening the retail sector will create a larger market opportunity for Indian farmers, increasing quality and choice for India s sophisticated consumers," Somers said. The USIBC a body that represents the views of Corporate America hailed India s steady progress in advancing major economic reforms in a statement following Cabinet approval for opening up India s vast multi brand retail sector to foreign direct investment (FDI) and removing the FDI cap in single brand retail. "This change in policy is a good start to a win win decision for all stakeholders, including customers, farmers and the government of India," said Dough McMillion, the President and CEO of Walmart International, adding that the decision to allow 51 per cent FDI in multi brand retail gave his company Moncler Kids sac double saible bebe Buttons white coats moncler jackets official website the opportunity to serve Indian customers directly. These bold reforms have heartened investors from the United States and elsewhere, the USIBC said. The government s opening of the multi brand retail sector will benefit Indian consumers by bringing efficiencies and productivity to the farm to fork supply chain, while tamping down rising food prices and inflation, Moncler Book Hoodies Menspring Autumn grey the USIBC said, cheap moncler jackets women adding that the overall effect of these actions will propel India on the path to becoming the world s third largest economy, which was earlier predicted to occur by mid century. "The government s bold resolve to move on these complex reforms serves as an assurance to investors that its economic liberalisation agenda begun in the early 1990s is very much on track, even in the face of the global economic downturn," the USIBC said. real moncler jackets Gold steady, but set for biggest annual loss in three decades 4 hours 2 minutes agoRupee drops 37 paise to end at 62.16 versus dollar 9 hours 19 minutes agoSensex rises 42 points on last day of December contracts 10 hours 5 minutes agoDespite top level exits, Infosys stock up 50 per cent since Murthy return YesterdayMorgan Stanley keen to start proprietary trading in India YesterdayMcDonalds tells its employees to stay away from fast moncler free shipping food YesterdaySebi board approves new norms for exercise of enhanced powers 2 days agoRBI likely to reboot policy, focus on consumer inflation 2 days agoIndia should relax 26 per cent FDI cap in defence sector: Expert 2 days agoSensex falls over 68 points ahead of derivatives expiry 2 days agoRupee up 12 paise vs dollar in early trade 2 days agoNarayana Health: Providing world class treatment to the poor 3 days agoRohini and moncler moka Nandan Nilekani: The conscious givers 3 days agoSensex ends 21.31 points higher at 21,101.03 3 days agoAir India to sell 7 Dreamliners to raise USD 840 million 4 days agoInflation may ease to 6.5 per cent in December, says C Rangarajan 4 days agoBig or small, all culprits same before Sebi, says UK Sinha 4 days agoGold comes off all time high, silver declines during 2013 4 days agoVK Sharma: Why even an NDF dog cannot wag the on shore tail, much less an NDF tail wagging the on shore dog 5 days agoRajiv Bajaj bags IOTY in business category 5 moncler bag days agoInfosys board member V Balakrishnan resigns 6 days agoSenior Vice Preseidnt of Infosys Subrahmanyam Goparaju resigns 6 days agoDelhi s Connaught Place 7th costliest office market in world, Mumbai s BKC 15th: Survey 6 days agoInfosys close to getting biggest weighting in Sensex 6 days agoGold drops to six month low, could fall further 6 days agoSensex surges over 371 points to end at 21,079.72 6 days agoRupee rises 10 paise to close at 62.04 versus US dollar 6 days agoMinistry of Home Affairs may give clearance to Vodafone s FDI proposal soon 1 week agoSBI slashes home loan rates by up to 0.4 per cent 1 week agoRupee at 62.30 vs US dollar, down by 21 paise 1 week ago

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