Why Global Retailers Are No More Optimistic About India?

Keeping this in mind, global retailers are reluctant to make any investment through Foreign Investment Promotion Board (FIPB). Foreign Investment Promotion Board is a key wing in the finance ministry that examines all the proposals.

It looks like International retailers’ attitude has changed after the raise in the investment limit. For example, Walmart, the world’s largest retailer had indicated that they would sign the FIPB application within 45 days.

It is reported that Walmart is joining hands with Bharati Group, which will be a 50- 50 joint venture in a wholesale business.

After the increase in FDI limit, the two companies have paused to sign a deal with each other.

Even French companies like Carrefour  which is still waiting to get a clear indication from the government on the FDI cap before signing a deal with an Indian partner, is yet to decide. And Tesco, a U.K. based company which has already tied hands with Tata Group is also doing the math before finalizing the deal.

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