Moneycontrol
Jul 23, 2011 11:29 AM IST | Source: CNBC-TV18

Indian retailers celebrate 51% FDI recommendation by CoS

To the joy of the Indian retail sector, The Cabinet of Secretaries (CoS) yesterday recommended opening up foreign direct investment (FDI) in the multi-brand retail sector to up to 51%. This move allows many of the global retailers like Wal-Mart and Carrefour to enter India through strategic partnerships.


To the joy of the Indian retail sector, The Cabinet of Secretaries (CoS) yesterday recommended opening up foreign direct investment (FDI) in the multi-brand retail sector to up to 51%. This move allows many of the global retailers like Wal-Mart and Carrefour to enter India through strategic partnerships.

To discuss more on this development, CNBC-TV18

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