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...
Europe's Carrefour chooses Delhi area location
Retailer Carrefour of France will open its first "cash-and-carry" wholesale store in India later this year. Real estate company, Parsvnath Developers, announced that the store will be located at one of its malls located in the National Capital Region of New Delhi. American retailer Walmart already has a small number...