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"We shall not entertain foreign direct investment in multibrand retail. There is no ambiguity or confusion on this. The same applies to e-commerce," the ministe
by planetjones 11y ago
"We shall not entertain foreign direct investment in multibrand retail. There is no ambiguity or confusion on this. The same applies to e-commerce," the minister said in a news conference.
http://www.wsj.com/articles/india-wont-allow-foreign-investment-in-supermarkets-online-retail-1410182468 http://www.wsj.com/articles/india-wont-allow-foreign-investm...
- sandGorgon 11y agoThis has not to due with manufacturing, but around government protecting the small shops against Walmart. What you may not know is that Walmart is operating in India but as a partner with the Tata group. The same applies to insurance, lending and banking business. So the brands we have are Tata-Starbucs, Bharti-Axa, Birla-Sunlife, etc.