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Think tanks, diplomats chalk out road map for FDI in retail

Last Updated: Tuesday, November 06, 2012, 20:54

Cultural mindset of the population, large-scale loss of jobs, and stability of the average prices of products are some of the problems faced by MNCs which wish to enter the Indian retail sector, the participants said.

IKEA needs to submit revised application for opening stores

Last Updated: Tuesday, September 18, 2012, 14:28

Swedish home furnishing major IKEA will have to revise its application and reapply to the government for opening stores in India after the relaxation of mandatory sourcing norms for FDI in single brand retail, an senior official said.

PM defies calls for rollback of FDI in retail sector

Last Updated: Tuesday, November 29, 2011, 17:19

Fighting-off demands for a U-turn on allowing foreign investment in supermarkets, Prime Minister Manmohan Singh said on Tuesday that the policy would bring jobs and technology to farmers.

Supermarket FDI plan moving 'very fast': Industry secy

Last Updated: Wednesday, September 28, 2011, 13:43

India is moving quickly on a plan to open its USD 450 billion retail sector to global players such as Wal-Mart, despite concerns about job losses among millions of small neighbourhood stores, the industry secretary said on Wednesday.

CoS to meet on July 22 on blueprint for multi-brand retail FDI

Last Updated: Thursday, July 21, 2011, 15:38

A panel of secretaries is likely to approve Friday a final blueprint for allowing FDI in India's multi-brand retail sector, but with tough riders.