Carrefour urges India to allow 100% FDI in multibrand retail

08/10/2010 | Economic Times (India), The

Carrefour has called on India to allow for 100% foreign direct investment in multibrand retail, saying it would create jobs, strengthen infrastructure and ease inflationary pressures. "Any cap or restriction on FDI in this sector may result in potential loss of opportunities and avenues of inclusive growth of the retail sector," Carrefour said in suggestions to India's industry ministry.

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Economic Times (India), The

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