A government panel has recommended allowing multinational retailers such as Walmart, Carrefour and Tesco to set up shops in the country because it will help keep food and commodity prices under check. This is the first endorsement by a government panel for allowing FDI in multi-brand retail, a sensitive issue that has been debated for about a decade now. Companies such as Walmart and Carrefour have been lobbying for entry into the country’s US$400-billion and booming retail industry. This is a good move enhancing the retail sector which in turn will develop an unmatched opportunity for the signage players dealing with in-shop displays.
