Feb 17, 2016 - Harsimrat Kaur wants multi-brand retail in food and agro processing

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from TradeBriefs FMCG Weekly

Sree Vijaykumar

From the Editor's Desk
This is yours truly reporting from the sidelines of the 'Make in India' programme. One of the highlights yesterday was the session with Chandra Babu Naidu, flanked by Nitin Gadkari and moderated by Shekhar Gupta. The McKinsey-style presentation of the Andhra CM explained how China, Singapore, South Korea and Taiwan all had multi-decade double-digit growth based on manufacturing (for exports), which catapulted them from developing economies to developed countries. While India had a decent run from 2004 to 2012, it was service led, which helped the educated middle-class, not so much the poor. Also, a service led multi-decade growth stint looks unlikely to propel the masses in India to developed world status. We will have to rely on manufacturing as well, starting with 'Make for India', since global growth is not showing any signs of improvement (Exports fell for the 14th straight month in January). As we make for India, sub-sectors where Indian demand is high (eg: mobile phones) could emerge as centres of excellence. Could India become the phone factory for the world? - Comment

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