India Will Allow Foreign Single Brand Retailers Into Country
The government of India will allow foreign companies to operate in the world’s second largest nation. This opens the door for firms like Starbucks and Ikea. According to Reuters The government ratified a Nov. 24 cabinet decision to raise the ownership limit…
The government of India will allow foreign companies to operate in the world’s second largest nation. This opens the door for firms like Starbucks and Ikea.
According to Reuters
The government ratified a Nov. 24 cabinet decision to raise the ownership limit to 100 percent from 51 percent for single- brand, Trade Minister Anand Sharma said in a statement yesterday
The decision does not apply to large retail chains which include Walmart which has been trying to enter the market for years
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