Business News
Indian cabinet open doors to foreign retail investment
Nov 24, 2011, 15:28 GMT
New Delhi - India's federal cabinet Thursday decided to allow 51-per-cent foreign direct investment in the multi-brand retail sector, a move that could allow global chains like Wal-Mart Stores Inc and Tesco Plc to enter the market.
The cabinet also took a decision to allow 100-per-cent retail investment in the single-brand sector.
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