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Updated: December 8, 2011 17:20 IST

Microsoft upset over suspension of FDI in retail

PTI
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A file photo of Bhaskar Pramanik, chairman of Microsoft India.
The HIndu A file photo of Bhaskar Pramanik, chairman of Microsoft India.

The Centre’s decision to suspend FDI in multi-brand retail till a consensus is evolved has not only upset the domestic and international retail chain majors but also software major Microsoft.

“Yes, I am very disappointed with the government’s decision to put FDI on hold. FDI in all form is good be it in retail or aviation,” Microsoft India chairman Bhaskar Pramanik said in Kolkata on Thursday.

“We have a strong corporate sector, central and State governments. Checks and controls could be put in place to ensure net gain for the country in terms of employment, growth and earning rather being negative,” he said.

Interestingly, Microsoft has products for retail billing, retail management and solutions for aviation sector.

Indian government is yet to take a call on allowing FDI in domestic aviation sector despite there was demand from a section, including Kingfisher.

Mr. Pramanik also said India was no more a preferred destination for technology and IT MNCs on account of number of issues, but did not give details.

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