MNC retailers may get to enter smaller cities too

NEW DELHI: The government may allow foreign multi-brand retailers to set up stores in cities with a population of less than a million, a measure that is part of the possible relaxation of norms that the department of industrial policy and promotion (DIPP) is examining. A senior official said the commerce and industry ministry might […]

France’s Auchan plans to set up 60 stores in India: Anand Sharma

France-based Auchan, one of the world’s largest hypermarket chains, has plans to open 60 stores in India, Commerce and Industry Minister Anand Sharma said today. Global chairman of Auchan, Vlanney Mulliez had yesterday called on Sharma. “(Officials of) Auchan group met us yesterday…they want to open 60 stores in India,” he said when asked if […]

FDI will help add new flavours to Indian luxury market: Anand Sharma

Quaint carpet designs from rural India may soon find a global market with the opening up of retail sector to foreign direct investment. Commerce and Textiles Minister Anand Sharma listed out the benefits of FDI in retail to a largely rural audience in this Parliamentary constituency of Congress President Sonia Gandhi. The recent policy initiatives […]

India, China plan to set up joint working group to boost trade

New Delhi: India and China are working to set up a joint working group aimed at giving a fillip to bilateral investment and also to address trade related matters. The two countries also evinced interest in fostering favourable investment climate including greater market access and speedy visa facilitation. Commerce and Industry Ministry Anand Sharma and […]