International retailers express concerns over India entry
Concerns include supply chain management, a lack of skilled workers and policy barriers.
“We need to cut out the waste in the food supply chain to feed more people,” said Dame Lucy Neville-Rolfe, executive director for corporate and legal affairs and member of the board at Tesco. Conditions for entry into the Indian market “are tougher compared to other markets”, she said at the World Economic Forum.
The Indian government should lower the barriers for entry of foreign investors, said Tino Zeiske, vice president of international affairs (Asia Pacific) at Metro.
“This will help ease foreign investments and help overcome bureaucratic burden,” said Zeiski. who counted a lack of sufficient “skilled labour and awareness amongst consumers” as other shortcoming.
Food safety and security remains a big concern for the company, he said.
Source: livemint.com
