09 Dec '11, 1am

US says open retail would benefit India

US says open retail would benefit India

WASHINGTON: The United States said Thursday that an open retail sector would benefit India after the government backtracked on a plan that would allow foreign giants such as Wal-mart into the billion-plus market. Robert Hormats, the under secretary of state for economic growth, energy and the environment, said he did not want to comment on India's "internal affairs" but noted that the United States has long supported the reform. "I think they know our view that it would be very beneficial to Indian farmers, Indian citizens, Indian consumers in general," Hormats told reporters. "But the details of how the Indian government and the Indian parliament and the Indian officials work this through, I think I'll leave to the Indians and not try to advise them on how to proceed," he said. State Department spokesman Mark Toner, speaking separately, was also careful not to criticize I...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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