date:Feb 12, 2014
ign chain.
In September 2012, the United Progressive Alliance (UPA) government relaxed norms governing multi-brand retail in India. Barring Tesco that announced $110 million investment with the Tata Group, others are yet to finalize investment plans for the country.
Modern retailers have been cautious about launching operations in India because of political uncertainty over Indias policy on overseas investment in supermarket chains. Some opposition parties have rolled back support to the openin