Would Aditya Birla Retail also look at entering durables and electronics retail space?
We are working on that. But it would be related to our expansion in the megastore front since the megastores sell consumer durables as well. Once we open six to eight more megastores by this year end, we will look at private label in consumer durables. We are planning to start small. When do you think 100 per cent FDI in retail would come about? It is a politically sensitive issue. It could happen in a year or two. There were reservations on the quantum of FDI in a retail company. But, we have already told the government that FDI in the sector can be allowed may be with some caveat. Foreign players can be asked to commit to a certain back-end infrastructure like warehouses or so. What are your expectations from the Government when it comes to FDI in the retail sector? FDI in the sector will help bring in huge investment. That is a key issue for many retail players now. Once that happens, there would be no dearth of funds for the retail companies in expanding their presence. It would ma
