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SEBI welcomes FDI in retail, suggests taking precautions

Chairman of Securities and Exchange Board of India (SEBI), Upendra Kumar Sinha today said that the government's decision to introduce foreign direct investment in the retail sector is welcomed but the private companies entering India's market would be under scanner. Speaking to reporters after the meeting of the National Stock Exchange (NSE) in New Delhi, Sinha assured that SEBI would be taking every precaution to protect the interest of the country's retailers.