The FAPCCI welcomes Government move on FDI in Retail. One of the biggest problems being faced in India is the very poor infrastructure for moving the produce from the producer to the consumers. The farm to fork ratio in India is one of the highest and this needs to be reduced. The big push for organized retail including foreign participation will ensure that there is sufficient investment and a critical mass to provide the infrastructure and technological knowhow. Today the wastage in transportation of some perishable goods is as high as 50% with proper planning and infrastructure. This can be reduced to less than 10%.
The country will benefit from the learning’s all over the world to ensure the fastest absorption and the biggest momentum to benefit both the producers and consumers. Twice earlier bogies were raised once about computerization in 1970’s and 1980’s and opening up Indian economy in 1990’s. We find FDI in retail to be next in line.