http://www.livemint.com/2010/07/06233436/India-mulls-FDI-in-multi-brand.html
India has been facing a political diversion to the corruption crusade. In all of this, there has been no answer on the government stance with foreign direct investment in Retail. FDI for single brands is allowed. However, multi brands are still not allowed. We believe two of the three variables that drive licensing is alive and kicking in India. We have an inexpensive and vibrant media- people have access to the brands! We also have a purchasing class. What's missing is retail growth. FDI in multi brands will fuel the growth! We wait...
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