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India eases investment rules for foreign retailers

NEW DELHI | Thu Aug 1, 2013 9:39am EDT

NEW DELHI Aug 1 (Reuters) - India 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 told reporters.

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.

 
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Comments (1)
trush wrote:
India is open for business so the Govt. says but, there is lot of Corruption in India So To Whom So It May Concern watch yr step every way as Law Makers & Law Keepers R Most Corrupt. They say something & do something there r lot of people in India who earn $1 a month so labour is cheap .

Aug 01, 2013 10:19am EDT  --  Report as abuse