Blog: Dean BestIndian retailer steals march on Wal-Mart

Dean Best | 17 August 2007

For all Wal-Mart’s pleasure at setting up its first venture in India, a domestic rival looks to have stolen a march on the US group with ambitious plans to expand throughout the country.

Reliance Retail wants to spend a whopping US$6bn expanding its store network from around 250 to 5,000 outlets in just four years.

Now, Wal-Mart – which earlier this month made its first foray into India with a cash-and-carry deal – is hamstrung by a ban on direct foreign investment in India’s retail sector.

Nonetheless, should Reliance follow through with its plans, Wal-Mart will be faced with a pretty strong competitor if and when government controls on investment are lifted.


BLOG

UK food producers call for "best possible single market access" post-Brexit

Since Theresa May took over as UK Prime Minister in the wake of the country's referendum vote to quit the European Union, she and her ministers have been at pains not to divulge their negotiating posi...

BLOG

Greenpeace trains sights on Sainsbury's over John West tuna

Greenpeace's long-running campaign against UK tuna brand John West, owned by seafood giant Thai Union, is now directing its fire against Sainsbury's....

BLOG

Post-Trump victory, TPP trade deal appears dead

The Obama administration appears to have conceded the landmark Trans-Pacific Partnership (TPP) trade deal will not be pushed through in the lame-duck session of Congress before Donald Trump is inaugur...

just-food homepage



Forgot your password?