Matthias's Feed
Nov 28, 2011
Nov 28, 2011
Nov 28, 2011
Nov 28, 2011
Nov 28, 2011

India waters down retail reform amid opposition

NEW DELHI, Nov 28 (Reuters) – The Indian government
gave its first signs of backtracking over a move to allow
foreign supermarket giants to enter Asia’s third-largest economy
on Monday as political opposition grew over one of the most
far-reaching economic reforms in years.

Powerful chief ministers of several government-allied states
and some legislators within the ruling Congress party are
pressing the government to reverse its move. Parliament was
adjourned for a fifth day amid uproar from legislators.

Nov 28, 2011
Nov 25, 2011

India eyes rapid retail investment

NEW DELHI (Reuters) – India has opened its supermarket sector to foreign retailers such as Wal-Mart Stores Inc, pushing through a major reform aimed at attracting foreign capital and potentially easing stubbornly high inflation.

The policy comes with provisos on sourcing requirements and minimum investment levels.

Nov 25, 2011

Global supermarkets wary of fine print on India invite

NEW DELHI (Reuters) – Global supermarket chains welcomed a long-awaited invitation from India to invest in the country’s $450 billion retail market, but they fear the policy’s small print may keep a lid on investment in the short term.

The government late on Thursday approved 51 percent foreign direct investment in supermarkets, paving the way for firms such as Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research, Stock Buzz), Tesco (TSCO.L: Quote, Profile, Research, Stock Buzz) and Carrefour (CARR.PA: Quote, Profile, Research, Stock Buzz) to enter one of the world’s largest untapped markets.

Nov 25, 2011

Global players read fine print on India’s retail invitation

NEW DELHI (Reuters) – Global supermarket chains hailed India’s move to open up its $450 billion retail market, but cautioned that the policy’s fine print may keep a lid on investment in the short term.

The government late on Thursday approved 51 percent foreign direct investment in supermarkets, paving the way for firms such as Wal-Mart Stores Inc, Tesco and Carrefour to enter one of the world’s largest untapped markets.

Nov 25, 2011

Global supermarkets read fine print on India’s invitation

NEW DELHI, Nov 25 (Reuters) – Global supermarket
chains hailed India’s move to open up its $450 billion retail
market, but cautioned that the policy’s fine print may keep a
lid on investment in the short term.

The government late on Thursday approved 51 percent foreign
direct investment in supermarkets, paving the way for firms such
as Wal-Mart Stores Inc, Tesco and Carrefour
to enter one of the world’s largest untapped markets.