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- “Fireworks worth more than Rs.7,000 crore were sold this year for Deepavali. The TN Govt will extend full support to this industry, which is aiming to achieve Rs.10,000 crore in fireworks sales next year.” – Minister Keerthana
- “On the festival of lights, 11 people were killed in various incidents across TN. Alcohol was the main cause of most of the crimes that took place.” – Anbumani Ramadoss
- “Under this TVK Govt, 467 companies have been sealed, resulting in lakhs of people losing their jobs.” – AIADMK General Secretary EPS
- “TN, which was a peaceful state during M.K.Stalin’s Govt, is now witnessing the deterioration of law and order.” – Former CM O.Panneerselvam
- “11 murders in a single day – on Deepavali, the sounds of murders were heard across several districts of TN, alongside the sound of fireworks.” – EPS
Businesswire
Easing FDI Norms in Single Brand Retail to Have Multiplier Effect, Dr. Niranjan Hiranandani – ASSOCHAM Sr VP
September 3, 2019
Business Wire IndiaEasing of FDI norms for single brand retail should be an attractive proposition for global retailers to scale up their operations in India, both in brick and mortar stores as also in fast expanding online channels of business.
The norms relating to 30 per cent local sourcing have now been made flexible to enable major single brand retailers to integrate their Indian operations with their global supply chain. With the US-China trade war remaining unabated, India could be the best possible alternative for the global firms offering them operational efficiency and scale.
The new dispensation to allow online retail to single brand entities, subject to a condition that such operations would be followed by brick and mortar stores within two years should be a win: win situation for the country. While the online operations would entail investment in building supply chain and logistic infrastructure, the brick and mortar business would also gain from the efficiency resulting from the digital platforms.
There would also be a multiplier effect on the related sectors likes the commercial real estate and the organised retail.
Source: Businesswire
The norms relating to 30 per cent local sourcing have now been made flexible to enable major single brand retailers to integrate their Indian operations with their global supply chain. With the US-China trade war remaining unabated, India could be the best possible alternative for the global firms offering them operational efficiency and scale.
The new dispensation to allow online retail to single brand entities, subject to a condition that such operations would be followed by brick and mortar stores within two years should be a win: win situation for the country. While the online operations would entail investment in building supply chain and logistic infrastructure, the brick and mortar business would also gain from the efficiency resulting from the digital platforms.
There would also be a multiplier effect on the related sectors likes the commercial real estate and the organised retail.
Source: Businesswire
