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NEW DELHI. Attracted to open retail stores in India? if interested, there's no harm in trying. Therefore, India's cabinethas been opened up from the stream of foreign capital attractedin the country's retail business.
Retail business, which opened it may be in the cafe andrestaurant businesses, like Starbucks or retail business ofhousehold equipment such as Ikea.
Previously, foreign investment is limited to the retail sector with51% ownership stake. But this time, retail investment was opened wider but can not freely granted. Therefore, India's cabinet gave the operating requirements to absorb the productsof small industries in India's home by 30%.
"This policy has obvious potential and could lift the economy,"said Rajan Bharti Mittal, managing director of Bharti Enterprisespartner of Wal-Mart.
Earlier, India had opened the retail sector class supermarketssuch as Wal-Mart and Carrefour is present in India. But the presence of the giant supermarkets brought protests from thepeople of India.
source:http://internasional.kontan.co.id
please give me comments thanks
Retail business, which opened it may be in the cafe andrestaurant businesses, like Starbucks or retail business ofhousehold equipment such as Ikea.
Previously, foreign investment is limited to the retail sector with51% ownership stake. But this time, retail investment was opened wider but can not freely granted. Therefore, India's cabinet gave the operating requirements to absorb the productsof small industries in India's home by 30%.
"This policy has obvious potential and could lift the economy,"said Rajan Bharti Mittal, managing director of Bharti Enterprisespartner of Wal-Mart.
Earlier, India had opened the retail sector class supermarketssuch as Wal-Mart and Carrefour is present in India. But the presence of the giant supermarkets brought protests from thepeople of India.
source:http://internasional.kontan.co.id
please give me comments thanks
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