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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.

July 23, 2011 / 11:29 IST
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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
TAGS: #Balbir Singh #Business #Carrefour #DSK Legal #FDI #Future Group #Kishore Biyani #KPMG #Ravi Shingari #Shereen Bhan #Wal-Mart
first published: Jul 23, 2011 10:53 am

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