User: rohan Topic: Foreign Direct Investment in Retail
Category: Big Box Retailers :: Tesco
Last updated: Apr 29 2016 08:19 IST RSS 2.0
 
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New FDI rules a setback for foreign, local retailers 7.6.2013 Financial Chronicle
New rules requiring foreign supermarkets to set up their own warehouses and stores in India are likely to further delay the entry of companies like Wal-Mart Stores Inc, increase costs and hurt cash-strapped local retailers eager to partner with foreign companies. India allowed foreign chains to enter the country to set up retail stores in September 2012, but ambiguities in the policy means that so far, no foreign company has applied to the government for permission to set up shop in the $500 billion industry. Under the new rules, the government late on Thursday said global supermarket operators cannot acquire existing assets of Indian companies and said the initial mandatory $100 million investment to set up supply chain infrastructure and stores must be new. That means any existing supply chains, including those owned by a domestic retailer that a foreign company might look to buy, will not count towards the $100 million minimum. "In a nutshell this will delay everybody's plans," said ...
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Future Retail shares drop on reduced chance of foreign stake sale 7.6.2013 IE: Markets
The government allowed global supermarket operators to enter India in September.
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FDI in retail: Walmart, Tesco will not be able to acquire existing retailers 7.6.2013 TOI: India Business
"It's advantage Reliance," a former senior Reliance executive said. The slow start for foreign retailers will mean lesser competition for Reliance Retail, which unlike other cash-strapped Indian retailers has funds to expand quickly.
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Foreign multi-brand retailers not allowed to franchise stores 7.6.2013 Doordarshan
Foreign retailers entering India's multi-brand segment will not be allowed to franchise their stores and will have to put 50 pc of their investments in back-end infrastructure specifically for the chain they are setting up.
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Future Retail drops on FDI rules clarification 7.6.2013 Financial Chronicle

Shares in Future Retail Ltd (FURE.NS) fell as much as 3.4 percent on Friday after the government said foreign supermarkets entering India must invest in new supply infrastructure, rather than buying existing assets.

The government clarification issued on Thursday was seen reducing prospects that foreign supermarket operators such as Wal-Mart Store Inc (WMT.N), Carrefour (CARR.PA), or Tesco (TSCO.L) would buy into Indian companies or their assets.

The government allowed global supermarket operators to enter India in September.

Future Retail shares were down 2.3 percent as of 9:21 a.m, compared to a 0.2 percent fall in the broader Nifty.

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Foreign multibrand retailers not allowed to franchise stores 7.6.2013 HT: Corporate
Foreign multibrand retailers not allowed to franchise stores
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Franchisee route not allowed in multi-brand retailing 7.6.2013 Hindu: Industry
30 % sourcing will be reckoned only with reference to front-end stores
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India clarifies Foreign Direct Investment rules for supermarkets 6.6.2013 NDTV
Related Stories ...
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Foreign multi-brand retailers cannot franchise stores 6.6.2013 Rediff: Business
The government on Thursday clarified that the multi-brand retail store set up by a global retail entity will have to be 'company owned and company operated' and not operated by any franchisee.
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Walmart's India dreams hit another roadblock 4.6.2013 Rediff: Business
The move is likely to hit Bharti-Walmart, the 50:50 joint venture between the US' Walmart and Sunil Mittal-led Bharti Group that operates cash-and-carry outlets in India, the most.
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Walmart faces yet another roadblock 4.6.2013 Top Stories
Govt defines group firms - almost nine months after 51% FDI is allowed in multi-brand retail
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Walmart yet to decide on retail foray 30.5.2013 Rediff: Business
An official said next week, the Department of Industrial Policy and Promotion was likely to issue clarifications sought by the sector on the government's multi-brand retail policy.
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Warehouses in States opposing FDI allowed 21.5.2013 newindianexpress.com
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Global retailers can open warehouses in States opposing FDI 20.5.2013 Hindu: Business
Global retailers such as Walmart and Tesco can set up warehouses and cold storages as well as source products from small and medium enterprises (SMEs) in States which have not permitted FDI in the...
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Global retailers can open warehouses in states opposing FDI 20.5.2013 deccanherald.com
Global retailers can open warehouses in states opposing FDI
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Ecommerce poised to be allowed with FDI in retail 20.5.2013 Hindustan Times: Business
Ecommerce poised to be allowed with FDI in retail
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Global retailers can open warehouses in states opposing FDI 20.5.2013 IE: Corporate News
'No state will stop any foreign player to procure goods or do business with SMEs'
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Global retailers can open warehouses in states opposing FDI 20.5.2013 Top Headlines
'No state will stop any foreign player to procure goods or do business with SMEs'
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Global retailers can source from anti-FDI states 20.5.2013 Top Stories
Can set up warehouses, cold storages and source products from SMEs in such states, says an official
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Retailers can open warehouses in states opposing FDI 20.5.2013 Rediff: Business
US-based Walmart and UK-based Tesco have sought clarifications from the Department of Industrial Policy and Promotion on whether they could set up warehouses in states which are against the Centre's retail FDI policy.
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