Tesco readies India's first foreign supermarket investment
date:Dec 18, 2013
investment.

The ruling Congress party paid a high political price for opening the retail market, losing a key coalition partner over worries the policy will wipe out India's millions of family-owned grocery stores.

The government and global retailers say the policy will create jobs and help overcome chronic bottlenecks in food supply that means much farm produce rots and has made high food inflation a structural problem. Vegetable prices have risen 115 percent since March.

But unclear rules g
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07/05 00:41