FDI in retail and aviation will neither hurt people more nor benefit companies much, former Union minister Arun Shourie today said.
"There will be neither more profit nor much loss with the FDI in retail and in aviation. It is not of much use to either side (businessmen and consumers)," he said on the sidelines of a global conference here.
He said five or six years back, major companies like Reliance, Airtel and Big Bazaar had come in retail but it did not affect small retailers.
"The FDI in aviation will help three to four companies at the most. The process of consolidation which is in telecom sector, the same will be in aviation. At the most, it may be little faster in aviation," the former telecommunications minister in the NDA government said.
22/09/12 PTI/Business Standard
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"There will be neither more profit nor much loss with the FDI in retail and in aviation. It is not of much use to either side (businessmen and consumers)," he said on the sidelines of a global conference here.
He said five or six years back, major companies like Reliance, Airtel and Big Bazaar had come in retail but it did not affect small retailers.
"The FDI in aviation will help three to four companies at the most. The process of consolidation which is in telecom sector, the same will be in aviation. At the most, it may be little faster in aviation," the former telecommunications minister in the NDA government said.
22/09/12 PTI/Business Standard
