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ASSOCIATE SPONSORS
The multi-channel B2B cash-and-carry wholesaler has a reach to over 3 million B2B customers in India and 1 million of them are frequent buyers
Earlier this year, the group was aiming at robust growth via wholesale and e-commerce, and had denied any rumours about a certain exit from Belgium and India.
Inaugurating the Hannover Messe, a business fair, with German Chancellor Angela Merkel, the Prime Minister said India is working on a "predictable and transparent" environment to open up investments.
Amid global players pitching for India to open its multi-brand retail sector, CEOs of Germany's Metro AG and Sweden-based IKEA are likely to meet Commerce and Industry Ministry Anand Sharma in Russia this week.
The proposal on FDI multi-brand retail may have been put on hold, but it seems global retail giant Walmart remains optimistic.
India will move to open up the multi-brand retail sector and allow foreign direct investment up to 51%, with at least half the funds invested in infrastructure such as cold storage, newspapers reported on Friday.
