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Friday, February 26, 2010

Retail industry feels left out in Budget

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The Indian retail sector on Friday said it feels left out by the Budget as its main demands ofeasing foreign direct investments and granting industry status to it have not been met by Finance Minister Pranab Mukherjee.

"We were expecting FDI rules to be relaxed in retail business. It would have benefited retailers as well as the ultimate consumers," Vishal Retail Chief Managing Director Ram Chandra Agarwal said.

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