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Multinational retailers such as Walmart, Carrefour and Tesco may soon be allowed to open stores in India subject to stringent investment norms, sourcing conditions, and cap on number of outlets in big cities. The Department of Industrial Policy and Promotion, or Dipp, is likely to move a proposal seeking cabinet approval for 51% foreign direct [...]
With decline in FDI inflows, the Government has said that it needs to work on reform-friendly policies to attract increased overseas investment in the country. “We have to strive to make the domestic environment more conducive to investment, encouraging public as well as private investment and domestic as well as foreign investment, particularly foreign direct [...]
If the objective of the discussion paper on opening up multi-brand retail to foreigners issued by the department of industrial policy and promotion (Dipp) was to generate a debate, it has been very successful. If, however, the department expected that it would get some useful insight or coalesce opinion in favour of opening up, then [...]
In order to grab a share in the billion dollar worth of Indian retail industry, French supermarket giant, Carrefour has announced that it will very soon open its wholesale store in India. It is expected that the store will become operational by November this and when that happens another foreign brand name will join the [...]