New Delhi: Global
retail giants, including IKEA, Walmart and Carrefour, are studying the finer
details of India’s relaxed FDI norms for the sector as they look to tap
opportunities in the country.
In the meantime, while closely
watching developments post the changes, these firms are staying focussed on
their current operations in India that includes sourcing in case of IKEA, and
cash and carry businesses for Walmart and Carrefour.
Welcoming the government’s move to allow 100 percent foreign
direct investment (FDI) in single brand retail,...
