Desire to have a zero debt position: Pantaloon Retail
By Prashant R Nair | Published On: July 04, 2012 09:50 (IST) | Duration: 7 min, 45 sec
Rakesh Biyani, joint managing director, Pantaloon Retail India said that FDI in retail will help the entire economy; however, he feels it is too soon to comment on the progress of FDI. "Our aim is to focus on the core retail business. We have a desire to have a zero debt position. We are hopeful that the demand will improve ahead."