Government To Revise The Price Of Natural Gas

The rise in gas price will not only encourage the upstream companies to invest in exploring more challenging frontiers to augment gas production for the country, but a good amount of this increased price will flow back to the government in terms of royalty and dividend which could be invested in various development programs 

Pragmatic Approach to Attract FDI in Multi Brand Retail Trade

CII  urges Government to adopt a Pragmatic Approach to Attract FDI in Multi Brand Retail Trade

Organized retail in India has been growing at a healthy CAGR of nearly 25 percent over the last five years.

However organized retail still forms less than 10 percent of the sales across most consumer categories in India. In categories like food and grocery organized retail contributes less than 3 percent of sales.

This gap in sales through organized retail provides the growth opportunity. As per a BCG study, the consumption set to more than triple in size over the next decade, and sales through organized retail could reach nearly 20 percent by 2020. The study also found that FDI in Multi brand Retail will give a boost to the Organized Retail sector, which positively impacts several stakeholders including – producers, workers, employees and consumers and Government and hence, the overall economy. Under a favorable regulatory and economic environment, opening up of FDI can increase organized retail market size to USD 260 billion by 2020 (constant exchange rates).