Specialists shared universal tips for business in a one day workshop at Pacific Institute of Business Studies (PIBS). The motive of the workshop was to update the students of B.Com Global Business Management about the current exposure in world business and trade industry.

Important commercial aspects like, what is the condition of Indian Market in the world and how to expand it to a better position etc. were presented by experts.

Dr. Mahendra Sojatiya, director PIBS said, “In 500 billion dollar retail industry of India, only 4% fraction is organized. Thus, permission should be given for foreign direct investment.”

Professor Mukesh Shrimali informed that 100 percent foreign investment is permitted in Single Broad Retail however 51% permission is given in multi broad retail by central government.

It is compulsory for all foreign investors to take permission from state government before investing in multi broad, but some retail traders may lose their jobs due to FDI, initially. But in future, production will increase and it will also boost job opportunities as foreign investors have to purchase 30 percent from India.

Professor Col. P.S Bhatnagar said that if the investment limit is increased from 30% to 50% then more job opportunities can be created.

The experts added that the Indian economy would be benefited if the government put equal conditions on retail investors for agriculture, railways and other infrastructure.