India’s changing foreign investment rules won’t help food industry
date:Aug 17, 2012
put pressure on existing food processing majors, and conversely the producers.

You could say that in the current political environment, where the government is performing under coalition pressures from its allies, the move to allow food products is not going to happen. Perhaps after 2014 [the next elections],he said, adding that no government can afford to upset the agricultural base.

As it stands, MS has a 51%:49% joint venture with Reliance Retail that is allowed to sell clothes, lingerie a
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