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.
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.