Retail in Asia

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Allow FDI in retail to boost India’s food processing sector, says Assocham

India’s government should allow FDI in multi-brand retail sector as it will help the food processing industry adopt new technologies and improve productivity, industry body Assocham said on Tuesday.

Despite high growth, the food processing industry is still dominated by small scale and disorganised sector, mainly involved in producing low-value added products, Assocham secretary general DS Rawat said.