The US has welcomed India’s recent economic reforms to open up the multi-brand retail and expressed hope that more measures may also be in the offing.
“I think that particularly the decision to open up the multi-brand retail is particularly welcome among our companies here,” Assistant Secretary of State for South and Central Asia Robert Blake told reporters yesterday.
“I’ve seen press reports today that already WalMart has announced its intention to establish a multi-brand retail store, but also to increase the number of single-brand outlets that it has as well. So obviously that is welcome news for WalMart and welcome news for US business,” he said.
Noting that the Indian Prime Minister also announced a number of other important things in the aviation sector to increase diesel prices, he said, “this establishes a positive momentum, not only to help boost foreign investment, but also to help boost economic growth. So both of those will be very helpful to our businesses, and we certainly welcome those.”
Robert Blake said, “We understand that further measures may also be in the offing. So we look forward to hearing about that.”
India and the United States, he said, continue to make progress to advance what President Barack Obama has called one of the defining partnerships for the US in the 21st century.