Sign in to your SiliconIndia account
Email:       Password:  
Don't have SiliconIndia account? Sign up     Forgot your password? Reset
    Processing .....please wait..
    The article has been forwarded....
     Some error occured      !!
Forward this news to your friends & colleague
Subject:
Receiver's email:
For more than one recipient, type addresses separated by commas
Your name:
Your email:
Message:
Type the characters you see in the picture
India not to ease foreign stake norms in retail
By   IANS
Friday,01 August 2008, 05:56 hrs
 
New Delhi: India has no plan to ease the norms for foreign equity in the burgeoning retail trade industry, Commerce Minister Kamal Nath said Thursday.

"There is no plan now to ease (foreign direct investment) norms in retail," Kamal Nath told reporters here.

At present single-brand foreign retailers in India are allowed to take up to 51 percent in a venture with a local firm.


No foreign equity, however, is permitted in multi-brand retailing - a demand by global majors like WalMart, Costco and Carraffour. These companies are only allowed to give logistical support to domestic multi-brand retail companies.

     
   
Write your comment now


Your Name    Email: 
Type the characters you see in the picture

  Cancel






News:           Technology   |   Enterprise IT   |   Tech Products   |   Startups   |   Finance   |   Business   |   Career   |   Magazine  |   Dailydose   |   News archive   |  
RSS
Network:       Network   |   Profile   |   Messages   |   Scrapbook   |   Find   |   Blogs   |   Communities   |   Events   |   Q&A   |   CXO Insights  
Career:        Jobs   |   Companies   |   Test your skills   |   Mentorship   |   Videos   |   Career blogs   |   Training institutions  |   Freshers
Job training courses:   Web developer   |  Java developer   |   CCNA training
Education:   MBA   |  MCA   |   Engineering   |   US   |   Internship
Life:                  Humor   |    Bookstore   |   Relocate  |  Marketplace
Cities:             Startup   |  Real estate   |   Finance  
Company:   About us   |   Contact   |   Help   |   Community rules   |   Advertise with us
Member directory:   A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z   

and help us continue to improve SiliconIndia
© 2008 SiliconIndia all rights reserved