NEW DELHI — India’s Cabinet decided Thursday to allow more direct foreign investment in the huge retail industry, a move that could strengthen the country’s food supply chain and open India to giant global retailers such as Wal-Mart. The Cabinet approved 51 percent foreign direct investment in multi-brand retail and increased the FDI cap in single-brand retail to 100 percent despite resistance from both allies and opposition parties. Read full article >>
Comment on India to allow more foreign retail investment, likely paving way for Wal-Mart, other giants
Associated Press, Washington Post
Thu, 11/24/2011 - 8:56am
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