Indian cabinet opens retail sector to foreign supermarkets
New Delhi - AFP
India's cabinet Friday gave the green light to foreign supermarket giants such as Walmart and Tesco to enter the country in a blitz of economic reforms cleared at a meeting of ministers, reports said. International firms will be able to buy up to a 51 percent stake in multi-brand retailers in what promises to be a controversial reform that was shelved last year due to fierce opposition, said Indian station NDTV.
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