Thursday 24 November 2011

India to open market to global supermarket chains

Good example of how a Legal factor for an emerging market can lead to new International Strategies for existing players in this industry.

India to open market to global supermarket chains

India has approved long-awaited proposals to open up the retail market to global supermarket chains.
Food Minister KV Thomas said the cabinet has agreed to 51% foreign ownership of multi-brand retail stores, allowing groups like Wal-Mart and Tesco to open stores.

Read the whole article at: http://www.bbc.co.uk/news/world-asia-india-15869378

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