The imported food sector in India is growing strongly, albeit from a very small base, on the back of rising incomes, changing lifestyles and retail expansion. But, writes Reena Mital, market development will be dependent...
Danone has remained silent on rumours that it has begun preparations for its first solo business enterprise in India as animosity between the French food group and its joint venture partners in the country intensifies.
Wal-Mart’s arrival in India underlines the interest being generated by the country’s emerging retail sector. But the US giant is not the only foreign company looking to capitalise on India's burgeoning retail market, while local companies also see retail as a prime investment opportunity. Bhavna Rathore reports.
Relations have become strained between Danone and its joint venture partner in Indian food processing company, Britannia Indusrties, whose product range includes biscuits, breads and cakes.
The past week has seen some significant developments on the international retail scene
Wal-Mart, Carrefour and Tesco are champing at the bit to enter the Indian retail sector, but Foreign Direct Investment is unlikely to be permitted in the near future. Bhavna Rathore…
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