The much-talked about FDI in multi-brand retail could come into effect in a ‘phased’ manner, beginning from metropolitan cities, according to the Economic Survey 2011-12. FDI in multi-brand retail could begin with the cap at a lower level coupled with incentivising the existing ‘mom-and-pop’ stores (kirana stores) to modernise and compete effectively with the retail shops, foreign or domestic. New development in the retail sector would bring in a fresh business opportunity for the signage companies involving in in-shop displays, retail store branding, fabricators and others in a big way.
