Clamoring to enter India's red hot sector, the world's largest chains, including Walmart stores, Carrefour and Tesco, are seeking the best way to enter the Country, despite a government ban on foreign direct investment in the market. Recent large investment by major India. business, like Reliance industries and Bharat Airtel, have increased the since of urgency for foreign retailers …..Last week Bharat Airtel indicated that it was in talk with Wall-mart, carrefour and Tesco to set up a joint Venture….India's retails sector is attractive
Not only because of its fast growth, but because family-run store corner store have 97% of the nation's business. But this industry trait is precisely why the government make it hard for gardeners to enter the market. Politician frequently argue that global retailers would destroy thousands of small local players and fledgling domestic chains.