Another Indian attempt to free the retail sector
The Indian cabinet is reviving the plan to liberalise Indian retailing because such an impetus is needed to modernise the Indian retail sector (see also various news on this subject by using the search function on http://www.textile-future.com )
Last year in November the Congress party led government wanted to allow foreign ownership up to 51 % in Indian supermarket operations. Foreign chain stores such as Wal-Mart and Carrefour, and others would benefit. If such a majority holding would be possible, it would help the sector’s needed reforms, but in public there are voices pretending that this would be the end of mom and pop stores now most common. The Indian states have to decide on the issue and there is still opposition visible.