Archive for the ‘Retail Investments India’ Category

Foodgrains for Open Market Sale for Retail Consumers

Comments Off | 08-6-2013

Government of India has decided to allocate 4 lakh tonnes of wheat and 5 lakh tonnes of rice to State Governments/Union Territories for distribution to retail consumers at subsidized rates which are less than the economic cost. This information was given by the Minister of consumer affairs, food and public distribution Prof. K.V. Thomas in

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Sourcing Norms for Single/Multi Brand Retail

Comments Off | 11-27-2012

Vide Press Note 4 (2012 series) issued on 20.09.2012 certain conditions relating to FDI in single brand product retail trading have been amended. The amended policy, inter-alia, includes the following condition in respect of proposals involving FDI beyond 51% in single brand product retail trading:-
“In respect of proposals involving FDI beyond 51%, sourcing of 30%

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Amendment of conditions in the policy on Foreign Direct Investment in single-brand product retail trading

Comments Off | 09-16-2012

The Cabinet has approved the proposal of the Department of Industrial Policy & Promotion for amendment of the existing policy on Foreign Direct Investment in Single-Brand Product Retail Trading.
Vide Press Note 1(2012 Series) dated 10.1. 2012, Government had permitted FDI, up to 100%, in single brand product retail trading, subject to specified conditions, including, interalia,

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India’s Ranking in Most Attractive Destination for Retail Investment

Comments Off | 08-11-2012

According to US-based global management consulting firm, A.T. Keamey, vide its Report on 2012 Global Retail Development Index, India has been ranked the fifth most attractive destination for retail investment among 30 developing countries. The Report further states that India remains a high-potential market with accelerated retail market growth of 15 to 20 per cent

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Efforts to Arrive at a Broad Based Consensus on Allowing FDI in Multi-Brand Retail Trade Up to 51%

Comments Off | 03-18-2012

Government is making efforts to arrive at a broad based consensus in consultation with the State governments in respect of the decision to allow FDI in multi-brand retail trade up to 51%.
The Union Finance Minister ShriPranab Mukherjee in his Budget speech in the LokSabha said that at present, FDI in single brand and in cash

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100 Per Cent FDI in Single Brand Retail Notified

Comments Off | 01-11-2012

Department of Industrial Policy and Promotion Ministry of Commerce and Industry notified the decision to allow 100 per cent FDI in Single brand retail today via Press Note No.1 (2012 Series). The Union Minister for Commerce Industry and Textiles said “Cabinet took the conscious decision to liberalise policy for FDI in

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FDI in Retail Sector to create 10 million jobs: Anand Sharma

Comments Off | 11-27-2011

The decision of the Union Cabinet to permit FDI into multi-brand retail in the country will create 10 million new jobs including 6 million in the logistics sector alone, said Shri Anand Sharma, Union Minister for Commerce and Industry. Addressing a media conference at Chennai this afternoon he said the policy has to be viewed

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BenefitsPLUS acquires Snowball eRetail Services

Comments Off | 06-7-2011

According to Your Story, benefitsPLUS, India’s most dynamic and compelling closed-group ecommerce website acquired Snowball eRetail Services based out of Delhi to strengthen its online retail presence. The move gears up benefitsPLUS to take an even healthier slice out of the estimated Rs 47,000 Cr e-c0mmerce market.
benefitsPLUS offers services to over 100 major corporates across

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Rexel buys a second Indian company, Ad Electronics

Comments Off | 05-24-2011

Rexel, a global leader in the distribution of electrical supplies, announced Monday the acquisition of India’s AD Electronics.  Rexel entered the Indian market through the acquisition of Yantra Automation in January. The investment further strengthens Rexel’s footprint in the country with this new acquisition.
Based in Mumbai, one of India’s major industrial regions, AD Electronics is

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Warburg Pincus mulling Rs 150 crore investment in Indianmart.com

Comments Off | 05-9-2011

According to the Economic Times (ET), Warburg Pincus may invest up to Rs.150 Crore in Indiamart.com. The deal may see an exit by BCCL, which had invested $3.5 million in Indianmart.com in 2007. Indiamart Intermesh is India’s largest online B2B marketplace for SMEs, connecting global buyers with suppliers.
Economic Times reported that the investment will be

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