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India Allows FDI in Multi-Brand Retail

Indian government took another politically contentious decision of allowing overseas investments in multi-brand retail on Friday, Sept. 14, 2012.

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Manmohan Singh, decided to allow up to 51 percent foreign direct investment (FDI) in multi-brand retail.

This paves the way for the global retail giants like Walmart and Carrefour to open their stores in India.

1 comment:

  1. Hi,
    UPA was determined to have the FDI in multibrand retail, before they get kicked out in 2014 .
    “lobbying money” ( bribes ) have been paid by walmart and other conglomerates long back.
    India will soon be a banana republic, where our PM will be chosen by conglomerates.
    Punch into google search –
    WALMART IS NOT GOOD FOR INDIA- VADAKAYIL
    and
    MONSANTO AND FARMER SUICIDES IN INDIA- VADAKAYIL
    Our organic food will be a thing of the past, we will now eat genetically modified food.
    Kaliyug has finally arrived! Desh drohis will now be in control !!
    Solution? BOYCOTT THESE STORES!
    And in 2014, when Congress is kicked out, BAN walmart—like how JP banned Coke in 1977.
    Capt ajit vadakayil
    ..

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