THE TIMING OF YOU QUESTION IS REALLY INTERESTING GIVEN THE CURRENT HUE AND CRY OVER FDI AND FII. SHOP ACT LICENSE IS BASICALLY A DETERRENT OR A LITERAL BLOCKADE FOR FDI IN RETAILS SINCE THIS ACT PREVENTS OR REDUCES THE MONOPOLY OF FOREIGN INVESTORS OR RETAILERS IN INDEGENOUS MARKETS. WHERE THERE IS NO FOREGN RETAILERS , SHOP ACT IS APPLICABLE.\