Multi-brand retail may get FDI approval in July

The government is reportedly interested in easing restrictions on multi-brand retail for sectors such as electronics, apparel, gems and jewelry and sports goods, which are all sectors where opposition is likely to be minimal. A new set of guidelines are likely to be announced in July. According to a government official, “The government is not in a position to take tough political decisions at the moment. Only those areas could be considered for opening up, where there is a big support group and where opposition wouldn’t be intense. Such areas are very few.”