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Mr. Sunil Jindal, MD, SRS Retail, which is one of the leading online as well as offline e-grocery chains dealing in high quality fruits, vegetables and grocery with a modern retail format. This is regarding the 100% FDI in Retail Sector recently announced by the government. Please find below the quote from Mr. Sunil Jindal, MD, SRS Retail for the same. The move to allow FDI in the retailing of food products manufactured or produced in India will prove to be a significant step towards changing the growth dynamics of the industry.
The policy allowing retail trading in food products through brick and mortar as well as e-commerce platforms is a welcome change and will greatly help in reducing restrictions in the e-retail space as compared to the brick and mortar operators.