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Jul 31, 2015
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Centre opens doors to foreign investment in multi-brand retail
Mega retailers like Walmart and Carrefour will finally be able to invest in India’s multi-brand retail through the foreign portfolio investment (FPI) route.
In a major turnaround, the BJP-led government, so far opposed to foreign investments in multi-brand retail, has decided to allow FPI up to 49 per cent or up to the sectoral cap (whichever is lower) through the automatic route.
Source -
http://www.thehindubusinessline.com
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