The Indian government is reportedly considering allowing foreign direct investment in multi-brand retailing in a bid to make the country more attractive to international investors.
Citing senior officials, The Times of India reported today (10 March) reported that the country’s government is considering first allowing international retailers to open shop in metropolitan areas. Overseas retailers would remain limited to wholesale operations in smaller towns and cities.
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The move is reportedly being piloted by the Department of Industrial Policy and Promotion. A spokesperson for the department declined to comment when contacted by just-food.
“We are always assessing the best means to promote Indian businesses and economy. This is an ongoing process,” the spokesperson said.
