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
