date:Apr 01, 2013
er 2012, foreign direct investment (FDI) was not allowed in the retail business in India. But there was no FDI restriction in operating the wholesale business. Also, foreign chains were permitted to offer back-end support to Indian retail. The government opened up the retail sector on September 14, 2012, allowing up to 51 per cent FDI.
Walmart and Bharti Retail have claimed so far that there are no linkages between the two apart from back-end technological support in that business. After FDI w