date:Dec 12, 2012
The Indian Parliament has decided to allow foreign investors into the multi-brand retail market, opening its doors to worldwide distribution giants like Tesco, Carrefour or Walmart.
This initiative allows foreign firms to control 51% of all commercial projects, such as supermarkets or hypermarkets. Up until now, the law only allowed retail selling in partnership with local firms.
The opening of the retail market has not been an easy battle for the Government. It was proposed for the first time