India is aiming to establish itself as a major manufacturing hub for global markets, following China's successful model of becoming the "factory of the world." This shift is driven by recent changes in global supply chains due to the pandemic and geopolitical factors, presenting India with an opportunity to increase...
Wal-Mart Is Clearing a Wider Passage to India
After a two-year hiatus, Wal-Mart, the $476-billion Bentonville, Arkansas chain, is getting ready to open its 21st store in India. The new store will be located in Agra, home to the Taj Mahal, in November 2015, Bloomberg reported citing two people familiar with the matter. Wal-Mart is also considering opening...
Rising Optimism for Doing Business in India
The environment for foreign investments in India started improving a short time before Narendra Modi was elected prime minister on a business-friendly reform agenda in May 2014. United Arab Emirates’ Etihad Airwas acquired a stake in India’s largest corporate carrier, Jet Airways. As a result of this deal, the U.A.E....
Tesco Enters India's Retail Market
Retailer Tesco plans to become the first global chain to enter India since the government allowed foreign companies to invest in multi-brand retail more than a year ago. Tesco proposed to invest about $110 million to gain a 50 percent stake in partner Trent Hypermarket Ltd (THL), a unit of...
Foreign Retailers Step into India
Tesco's plans for expansion into India have been approved by the country's government. The British retail giant intends to invest $110m in India's recently liberalized retail sector. It will set up a chain of supermarkets in partnership with an Indian company. Tesco is the first global food retailer to get...
Foreign Retailers may get access to major cities
China allowed Foreign Direct Investment in multi-brand retail in 1992, but only in six major regions and cities, and limited foreign ownership to 49 per cent. India seems to ready to follow a similar approach now, but allow 51 per cent FDI for companies such as Walmart and Tesco. (Single...