Foreign retailers may keep India plans on hold

08/4/2013 | Economic Times (India), The

Foreign multi-brand retailers including Tesco, Wal-Mart and Carrefour are likely to wait until after next year's general elections before making a decision to open owned stores in India, despite the government's moves last week to dilute investment rules, experts say. "Multi-brand retail business requires quite a large investment. I think retailers will prefer waiting to see more clarity," said Deloitte Senior Director Anis Chakravarty.

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Economic Times (India), The

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