Carrefour S A

Retail FDI gets push, finmin to finalise Cabinet note next week

After hobbling on a proposal paper released in July last year by the Department of Industrial Policy and Promotion on permitting FDI in multi-brand retailing in India, the discussion seems to finally be gaining some traction.

Tesco aims to build on Tata tie-up for India retail

Retail giant Tesco Plc plans to build on its existing tie-up with Tata Group to expand in the country if foreign operators are allowed to invest in multi-brand retail, an executive director of the UK retailer said on Monday.