2:33 pm - Friday March 29, 2024

More proposals in multi-brand retail expected: Anand Sharma

570 Viewed News Editor Comments Off on More proposals in multi-brand retail expected: Anand Sharma
More proposals in multi-brand retail expected: Anand Sharma
More proposals in multi-brand retail expected: Anand Sharma

New Delhi – After more than a year since multi-brand retail segment was opened to foreign capital, Commerce and Industry Minister Anand Sharma Saturday said that more proposals for foreign investments into the sector is expected before the end of the current fiscal.

“There will be some before the year ends. So before the end of the year, one decision is there. Now before the end of the financial year, there will be more announcements,” Sharma told reporters on the sidelines of the 86th annual general meeting (AMG) of Federation of Indian Chambers of Commerce and Industry (FICCI) held here.

The minister’s views comes after Trent, the retail arm of the Tata Group, and Britain-based retail major Tesco made an application to the Foreign Investment Promotion Boardfor investment in Trent Hypermarket Limited.

THL currently operates 16 stores across the southern and western regions of the country.

The proposed partnership will operate and build on the existing portfolio of Star Bazaar stores in Maharashtra and Karnataka. The application envisages a minimum foreign direct investment in line with the applicable multi-brand retail trading policy.

Don't miss the stories followIndiaVision India News & Information and let's be smart!
Loading...
0/5 - 0
You need login to vote.
Filed in
Policies should explained for better results: MontekPolicies should explained for better results: Montek

Policies should explained for better results: Montek

Work begins on PepsiCo's largest beverage plant in India

Work begins on PepsiCo’s largest beverage plant in India

Related posts