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Saturday, Oct 22, 2005


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`Draft paper soon on opening retail sector for FDI'

Our Bureau

New Delhi , Oct. 21

THE Deputy Chairman of the Planning Commission, Mr Montek Singh Ahluwalia, on Fridaysaid that the Planning Commission is considering the implications of opening the retail sector for foreign direct investments, and a draft paper on the same should be ready soon.

Addressing Assocham's 85th Annual General Meeting, Mr Ahluwalia said the Government will unfold the special purpose vehicle (SPV) for infrastructure sector by the end of the current calendar year. It will also come out with an exhaustive energy policy shortly, he added.

He said that several rounds of discussions have taken place among the policy makers on improving the existing infrastructure facilities. Its result would bear fruits for road sector in the next three years, he added.

Mr Ahluwalia pointed out that for the railway sector, whatever policy decisions the UPA Government has taken, their outcome will be visible in the next seven years.

He announced that the Government is to form a body to look at forming a policy that would allow private players to run containerised operations, and to expedite other railway projects in public-private partnership. He said that consultations have been made to firm up new energy policy, which will be made public by December end.

Speaking on the occasion, the Chairman of Telecom Regulatory Authority of India, Mr Pradip Baijal, said that his institution has already recommended unified licensing policy for telecom sector to the Ministry concerned and was now awaiting its approval.

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