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Indian official: Govt halts foreign retail plan

By AP News Wed, Dec 07, 2011 1:45PM UTC View Comments

NEW DELHI (AP) — India’s government on Wednesday suspended its plans to throw open its huge retail sector to foreign companies such as Wal-Mart in a decision seen as a major capitulation to political opponents. The initial decision last month to allow foreign companies to own 51 percent of supermarkets in major cities and 100...

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India’s retailers, farmers face uncertain future

By AP News Fri, Dec 02, 2011 12:25PM UTC View Comments

MUMBAI, India (AP) — Ashok Kokane sits amid his strawberries at Mumbai’s Crawford Market, a handwritten ledger across his knees and a fan of dirty 10 rupee notes at his hand. The lazy, dust-encrusted ceiling fans above are far past cleaning. There is a sense of timelessness here, in the lurking cats, the shiny shrine...

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India invite to foreign retailers stirs backlash

By AP News Tue, Nov 29, 2011 10:42AM UTC View Comments

MUMBAI, India (AP) — A broad and fiery backlash against India’s new open-door policy for foreign retailers sparked fresh investor fears Monday about political risk and the stability of the Congress Party’s coalition government. The new regulations don’t require Parliamentary approval, but to set up shop, foreign retailers such as Wal-Mart and Carrefour must be...

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Call center kings: India loses out to Philippines

By Sriram Vadlamani Mon, Nov 28, 2011 1:36PM UTC View Comments

The Philippines now surpasses India as a top call center destination. The Philippines employs 400,000 in the industry against India’s 350,000. We can always debate the data, but we can’t deny the fact that this trend is hard to ignore. This is a classic ‘Who moved my cheese’ for India’s call center industry. This trend...

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India makes way for Wal-Mart

By AP News Fri, Nov 25, 2011 11:18AM UTC View Comments

NEW DELHI (AP) — India’s Cabinet decided Thursday to allow more foreign direct investment in the nation’s huge retail industry, a move that could strengthen the country’s food supply chain and open India to giant global retailers. Top retailers such as Wal-Mart, Carrefour, Tesco and IKEA have long lobbied for a chance to build stores...

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