Aug 01, 2013, 08.24 PM IST | Source: Reuters

Cabinet eases norms for FDI in multi-brand retail

The government eased investment rules for the retail sector on Thursday in a renewed attempt to attract foreign supermarket operators such as Wal-Mart Stores Inc and Tesco, a cabinet minister who did not wish to be named told reporters.

Cabinet eases norms for FDI in multi-brand retail

The government eased investment rules for the retail sector on Thursday in a renewed attempt to attract foreign supermarket operators such as Wal-Mart Stores Inc and Tesco, a cabinet minister who did not wish to be named told reporters.

No details of the measures were immediately available.

India, which threw open its supermarket sector to foreign retailers in September 2012, has not yet received a single application due to ambiguity around existing entry rules.

READ MORE ON  Wal-Mart

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Narendra Modi

83529.97 200.44 0.24%

3144

Bought today

3159

Sold today

0.91%

User holding

video of the day

Chandra says satisfied with TCS' FY14, FY15 to be better

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.