In yet, Govt’s FDI policy has badly destructive in the market, the world’s largest flatpack furniture and accessories maker, IKEA plans to enter Indian market, the Asia’s third-largest economy.
IKEA’s decision came up after settling a meeting between the company’s CEO and India’s trade minister in Russia and Indian govt itself announced it that Swedish company is opening it stores in India. Read more
FDI in retail is the most high controversial issue that is rare fro both India and foreign nations. As part of this, US Secretary of State Hillary Clinton who is here under three-day visit went to Kolkata on Sunday to meet West Bengal Chief Minister Mamata Banerjee over her opposed fact of FDI.
In the most high-profile meeting on Monday, Ms Clinton will meet Banerjee at the Writers’ Building in Kolkata, discussing the several facts regarding investment opportunities in West Bengal, one of the main Foreign Direct Investment. (FDI). Banerjee resisted FDI policies. Read more
Still restriction on foreign retailers for direct investment in India has in the way to downward; recent announcement to open it’s a new branch by Wal-Mart, once again raise issue of FDI.
It has been reported that Wal-Mart, the largest globally developing retailer, is in way to set up its B2B stores pipeline in India, targeting the low-cost, no frills front-end multi-branded retail stores.
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This plan comes in existence by partnership with Bharti Enterprises as a joint venture partner. Its main focus is to offer merchandise to retailers, offices and institutions, hotels, restaurants and caterers at best prices. Read more
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