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November 29, 2011

Quote unquote: Indian retail reform special

India's cabinet has relaxed rules on foreign direct investment in the country's retail sector. The move was lauded by global retailers but met with opposition from large sections of the parliament, as local operators are feeling threatened by the prospect of foreign companies, which can now own 51% of multi-brand retail stores. In this special quote unquote, just-style outlines the thoughts of those affected by the announcement.

India’s cabinet has relaxed rules on foreign direct investment in the country’s retail sector. The move was lauded by global retailers but met with opposition from large sections of the parliament, as local operators are feeling threatened by the prospect of foreign companies, which can now own 51% of multi-brand retail stores. In this special quote unquote, just-style outlines the thoughts of those affected by the announcement.

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