India's trade minister works to woo Wal-Mart

01/24/2013 | Wall Street Journal, The

Trade Minister Anand Sharma sought to reassure Wal-Mart International CEO Doug McMillon that India's new policy on allowing foreign retailers to own up to 51% of multi-brand stores isn't likely to be reversed, when the two met at the World Economic Forum in Davos. The meeting came as India's cabinet announced it will appoint a retired judge to investigate whether the retailer broke any laws when it lobbied US lawmakers on issues related to expanding market access in India.

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