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.
.
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
As per the fresh business reports, it is said that the United States has welcomed India’s decision to allow foreign direct investment (FDI) in the multi-brand retail sector. The report released by US authorities has said that such economic reforms will help to improve business-to-business ties between the two nations.
While talking to media, Mark Toner, an official of State Department said, “We welcome India’s decision. We think economic reforms, such as these, will further strengthen business-to-business ties between our two countries.”
According to him, “It’s going to create new economic opportunities and it’s also going to lead to more choices for Indian consumers.”
He said, “But we viewed this, as I said, as a way to deepen our economic ties with India.” Read more
RSS Feed
Advertise With Us || Contact Us || Priyacy Policy || Disclaimer || About Us || Our Editors