Tesco, the only company India to receive investment bid in multi-brand retail

Related Keywords: B2B e-commerce activities, British company, FDI policy, Foreign direct investment, MBRT, multi-brand retailing sector, proposal for investment, Tesco

New Delhi
Tesco, the only company India to receive investment bid in multi-brand retail
Summary: 
After the UPA-led government of India announced the policy of allowing 51 percent foreign direct investment (FDI) in the multi-brand retailing sector in September last year, Tesco Plc, UK-based was the first global retailer to apply for multi- brand retailing and only proposal for investment received by the government, Parliament was informed today.

After the UPA-led government of India announced the policy of allowing 51 percent foreign direct investment (FDI) in the multi-brand retailing sector in September last year, Tesco Plc, UK-based was the first global retailer to apply for multi- brand retailing and only proposal for investment received by the government, Parliament was informed today.
 
Till now, British retail major, M/s Tesco Overseas Investment Ltd’s proposal has been approved by previous Government to carry out the business of multi brand retail by trading in India.
 

http://economictimes.indiatimes.com/industry/services/retail/india-only-received-investment-bid-in-multi-brand-retail-from-tesco-textiles-minister/articleshow/39887937.cms
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