Business
NDA government contemplating 100 per cent FDI in multi-brand retail
The government is looking to lift a cap on foreign direct investment (FDI) in local supermarkets as it may decide on a proposal to allow 100 per cent FDI by foreign retailers such as Walmart and Carrefour SA. However, the catch is they need to agree to sell locally made products and invest at least 100 million dollars. Indeed, the move is a...
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