Foreign Direct Investment
Retail
Walmart wants to invest in Bihar: Sushil Modi
Even as the Centre is considering a calibrated roll out of foreign direct investment in multi-brand retail in large metros, the world’s largest retail chain —Walmart — has expressed interest in investing in Bihar. “Last week, people from the...
Retail
FDI in multi-brand retail to begin with six cities
The government is likely to permit foreign direct investment (FDI) in multi-brand retailing only in the six big metros. The emerging consensus in the government is that the recommendation of the Department of Commerce & Industry to allow such...
Retail
AaramShop – pulling ‘kirana’ stores to web
In the wake of the possible increase in FDI, a new retailing platform ‘Aaramshop’ has come to the rescue of ‘Kiranawalas’.Recently launched, the concept is very innovative. Commenting at the concept, MD and CEO, Vijay Singh, ‘AaramShop’, said, “AaramShop...
Retail
Future group strengthens back-end to take on retail FDI
In a bid to strengthen its back-end supply chain Future Supply Chains, a specialised subsidiary of the Kishore Biyani-led Future Group, plans to invest Rs 400 crore per year over the next two years. To further strengthen its supply...
Retail
Govt to allow 51 per cent foreign investment in retail business
The government has moved a formal proposal to allow foreign direct investment of up to 51 per cent in multi-brand retail stores although with a few riders. At present, FDI in multi-brand retail business is prohibited in India. The...
Retail
India among preferred FDI destinations: Ernst & Young
Despite regulatory hurdles, India continues to be among the preferred destinations for FDI due to the country's high economic growth, with both Mumbai and Delhi being touted as among the cities likely to produce the next Microsoft or Google...
Retail
V-Mart to invest Rs. 100 crore on expansion by FY13
V-Mart Retail, India’s leading retail company, has announced aggressive retail expansion plans and is set to open 40 new outlets in Bihar, Western UP, MP and Rajasthan with the investment of Rs. 100 crores by FY13.V-Mart stores offer an...
Retail
Taming price rise: Govt panel for FDI in multi-product retail
An inter-ministerial group (IMG) on inflation has recommended allowing foreign direct investment in multi-product retail as one of the two steps to tame rising prices and cut down the margin between farm gate and retail prices. This is the...
Retail
Wal-Mart set to expand by Dec
Foreign direct investment in multi-brand retail still not allowed, global giant Wal-Mart now plans to have more cash-and-carry wholesale outlets in India by year-end.The United States-based retailer’s sourcing and merchandising operations from India had also improved and are on...
Retail
‘Emerging markets more compelling for global retailers’
Considering that success in developed retail markets has become more challenging, large global retailers are increasingly being compelled to look at the emerging markets to pursue their growth ambitions. This has been revealed in a recent report by Deloitte...
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India’s gems, jewellery exports dip 13.44% in June to Rs 15,939.77 cr: GJEPC
The total gems and jewellery exports stood at Rs 18,413.88 crore ($2,240.77 million) during June 2023Mumbai: India's overall gems...
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