Tuesday, January 10, 2012

FDI IN RETAIL; POSITIVE TIDINGS



The news wires have just reported that India has formally lifted restrictions on foreign investment in the country's single-brand retail sector, allowing for full overseas ownership in such ventures.

Foreign retailers wishing to invest beyond the previous cap of 51 percent will need to source 30 percent of their goods from small and village industries, the government is reported to have said.

Cheers!!!
at

1 comment:

  1. AnonymousJanuary 10, 2012 at 7:11 PM

    what a fool this politicians are macking us by reserving 30%

    No one can import 100% of its supply even Walmart will source 45-50% of its products in US, UK & Canada, where as we are one of the cheapest manufacturer in various items in India.

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