FDI in retail is the best opportunity of reviving Indian Economy Slokham dreamt 7 gave us Bhakra Nangal,
Right Brothers dreamt & gave us aero plane
I too dream, yes I dream to live in a fully developed India
Seeing it emerge as an economic superpower,
Viewed by the world as the land of prosperity & plenty.
My dear listeners the boon, the blessings of FDI will make my dreams a reality. Good morning ladies & gentlemen I stand before you to speak for the motion “FDI in retail is the best opportunity of reviving Indian Economy” FDI- understanding the term from layman’s perspective means investments made by a foreign company in the domestic market to acquire management control, profit sharing & ownership in accredited company. Here FDI is not only inflow of monetary investment but technology, expertise, knowledge, joint ventures etc. FDI in retail will open opportunities for India by focusing on various aspects 1. Agriculture
FDI will lend a helping hand to uplift our hard struggling farmers & ensuring sustainability. Contract farming wil ensure proper sale. Sharad pawar the agriculture minister wrote a letter to PM thanking him for the move and saying it will increase the output & reduce Wastage.
According to McKinsey- 40% of fruits & vegetables in India get rot because of no storage facility. India wastes around 50000 crore in food chain itself. Had FDI been introduced earlier our crops wouldn’t have been sold to Pakistan at a loss of 1.3 million but its better late than sorry. For any foreign investing in India under FDI retail it is compulsory that half the amount to backend infrastructure has to be invested for cold storage & supply chain. 2. Cost benefit
You might have noticed in the pamphlets of retail stores likes Metro, easy day etc telling the difference between market price & their price. Along with the benefit of good quality. These quantity discounts actually make prices competent for common man. 3. Right...
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