OnDemand WTP Pricing Research

India will not allow multi-brand retail by foreign firms, predatory pricing | liveMint

NEW DELHI: The government will not allow foreign companies to operate in multi-brand segment and necessary action will be taken against people indulging in predatory pricing, Commerce and Industry Minister Piyush Goyal said Wednesday.

The minister said this in a meeting with representatives of associations of kirana stores, traders and retailers here.

He “reiterated that India will not allow multi-brand retail by foreign companies and on the pretext of B2B (business-to-business) no entry will be allowed for multi-brand retail,” the ministry said in a statement.

Goyal also “asserted that predatory pricing will not be allowed and necessary action will be taken against defaulters,” the statement said.

Read complete article here: 

India will not allow multi-brand retail by foreign firms, predatory pricing.

Post a Comment

WP-SpamFree by Pole Position Marketing