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Rediff.com  » Business » Govt eases norms for FDI in multi-brand retail

Govt eases norms for FDI in multi-brand retail

August 01, 2013 19:53 IST

Image: Shoppers leave a retail store inside a shopping mall in Mumbai.
Photographs: Danish Siddiqui/Reuters

The government eased investment rules for the retail sector on Thursday in a renewed attempt to attract foreign supermarket operators such as Wal-Mart Stores Inc and Tesco, a cabinet minister who did not wish to be named.

No details of the measures were immediately available.

India, which threw open its supermarket sector to foreign retailers in September 2012, has not yet received a single application due to ambiguity around existing entry rules.

Source: REUTERS
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