If you are Ikea or Starbucks and you wish to open stores in India, the government currently requires you to find a a local investment partner who would own 49 percent of the India business. Companies ranging from Reebok to McDonalds have entered the India retail market under these terms...
In Mumbai, Sanchez presses India on retail and more
Francisco Sanchez, US Under-secretary of Commerce for international trade, said that Washington wants a removal of India’s ban on foreign investment in multi-brand retailers, which prevents Wal-mart and other international retailers from opening stores for Indian consumers. He asserted that permitting greater foreign entry into the retail sector would improve...
Wal-mart's India partner expands its own retail chain
In April 2008, Bharti Retail opened its first "EasyDay Market" retail store in founder Sunil Bharti Mittal's mid-sized home town of Ludhiana in Punjab. Eschewing the major metro cities that have been the focus of other Indian retail chains such as Spencers, Reliance and More. Since then, CEO Vinod Sawhny...