Retail FDI move in two months: Nath

The government is considering opening up the retail and real estate sectors for foreign direct investment (FDI), and is expected to firm up its policy in the next two months.

"We are examining various parameters. We should be able to come out with a policy in the next two months," commerce and industry minister Kamal Nath said.

"We have had discussions with the retail sector. We want incremental FDI to come in the sector. We do not want FDI that would displace the existing investment," he said, adding that more discussions were to be held on the issue.

He further said that FDI in real estate should be driven towards
construction and not just investment in land holdings, and the policy would aim to address the issue.