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‘Govt will not bow, won’t allow FDI in multi-brand retail’

The National Democratic Alliance government will not allow foreign direct investment in multi-brand retail, Commerce and Industry Minister Nirmala Sitharaman said on Monday.

‘We are clear that FDI will not be allowed in multi-brand retail trade. We shall not entertain FDI in MBRT. There is no ambiguity. There is no confusion on this,’ she said while addressing a press conference to mark 100 days of the new government.
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