Unease and uncertainty has been provoked among international food retailers in India by new restrictive guidelines issued that limit the already-restricted foreign investment in the country's organised retail sector.
Indian retailer Aditya Birla is prepared to sell a stake in the business to fund its expansion plans, its CEO told just-food today (5 March).
Indian conglomerate Future Group has confirmed that it is mulling the formation of a joint venture with a number of international retailers.
French supermarket group Carrefour is reportedly nearing an agreement with India’s largest retailer, Pantaloon Retail.
© Copyright Verdict Media Limited 2021
