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 >>

Topics:  delhi    india s cabinet   wal-mart   the cabinet   fdi   read   india   foreign   retail   investment   direct   percent   

 

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