Indian ministry proposes allowing up to 18% FDI in retail

11/15/2010 | Economic Times (India), The

The Micro, Small and Medium Enterprises ministry of India said only up to 18% foreign direct investment should be allowed in the country's multibrand retail sector. The ministry warned that the entry of global retail giants could hurt the interests of consumers, small farmers and kirana stores. "India should tread cautiously by opening the sector, if at all, gradual and analysing the impact before opening it more," a source said.

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Economic Times (India), The

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