India's FDI rules may mean delays for Wal-Mart, Tesco

06/9/2013 | Business Standard (India) · Reuters

Last week's ruling that foreign retailers looking to open multibrand stores in India must build their own supply chains rather than acquire existing infrastructures means it's likely to take longer for the stores to get up and running, experts say. "In a nutshell this will delay everybody's plans," said Devangshu Dutta, who heads retail consultancy Third Eyesight in Bangalore. "Companies like Wal-Mart, Tesco can acquire assets later on but not initially and that means more time to start their operations."

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Business Standard (India) · Reuters

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