Shoppers Stop executive lauds India's move toward FDI

07/25/2011 | Economic Times (India), The · Bloomberg

BS Nagesh, vice chairman at India's Shoppers Stop, offers his take on the government's move to allow up to 51% foreign-direct investment in the retail sector. Nagesh said "it is a very, very positive step." The news helped bolster shares in Indian retailers, including Pantaloon Retail and Vishal Retail.

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Economic Times (India), The · Bloomberg

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