Red tape, graft: India no super market for Wal-Mart

(Reuters) – Wal-Mart’s India expansion is stalled. When India announced last September that it would allow foreign supermarket chains to take majority ownership of their local operations, it marked a victory for Wal-Mart Stores, which had spearheaded efforts to open the market and said its first retail store would open within two years. Now, two […]

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 […]

Walmart, Tesco seek assurance on non-reversal of FDI policy

Global retailers like Walmart and Tesco have sought assurance from India that any change of governments at both centre and states should not result in reversal of FDI policy in multi-brand segment, before taking investment decisions in the country. Bentonville-based Walmart has also raised apprehensions about the ongoing probe by investigating agency Enforcement Directorate, said […]

Amazon plans to storm India with Fulfilment plan

E-commerce giant Amazon.com has launched its website for India with Amazon.in. It is designed to facilitate transactions between buyers and sellers. The marketplace will help Amazon overcome regulatory hurdles which prevents foreign retailers from having an Indian arm directly selling products in India. According to the marketplace model, Amazon does not own any of the […]

New norm to hit e-commerce firms, cash-and-carry chains in India

New Delhi: Indian e-commerce companies and so-called cash-and-carry or wholesale chains such as Bharti Walmart Pvt. Ltd may have to restructure their operations after the industry department on Monday issued a new definition of “group companies”. If a company is able to exercise direct or indirect voting right of at least 26% or appoint at […]

Walmart faces yet another roadblock

At a time when global multi-brand retail chains were looking for easing of hurdles, the government seems to have impacted the entire retail universe by tightening the rules for wholesale traders. The Department of Industrial Policy and Promotion (DIPP), in a press note issued today, defined group firms as “two or more enterprises that directly […]

Tesco treads cautiously in India

While talking about Tesco’s plans for India, China and Turkey last week after the announcement of the retailer’s 2012-13 results, Chief Executive Philip Clarke was particularly silent on its India plans. Save for a passing reference, there was no word on opening stores in India or the size of the potential investment. Tesco insiders say […]

Baby products retailer Prowl Germany to invest Rs.600 cr in India

  Mumbai: Prowl Germany UG, a multi-brand retailer of baby products, plans to invest Rs.600 crore in India in the next 4-5 years to set up a manufacturing plant and a chain of stores, said a senior company executive.   The company formed a distribution partnership in January with Kochi-based Zaal Commercial Pvt. Ltd for […]

Government extends term of Walmart lobbying probe panel till May

New Delhi: The government-appointed probe panel, which is looking into Walmart’s lobbying with the US lawmakers for facilitating India entry, got a one-month extension on Thursday in its tenure till the end of May. The one-man inquiry committee, which was set up by the government in January this year, was earlier asked to submit its […]

Flipkart move to marketplace is triumph of clicks over bricks

With India’s largest e-commerce entity Flipkart announcing the launch of a marketplace platform, many in the sector wonder if this model is more suited for the Indian market than the inventory-led one. The marketplace model, as propagated by eBay, brings buyers and sellers in direct contact. As in an inventory-based model, a marketplace platform does […]