By Kacey Culliney, 20-Dec-2011
India’s foreign direct investment (FDI) law for its retail sector was put on hold earlier this month following political opposition, but this will not impede internationals entering, according to analyst.
Internationals won't be put off investing in India, following FDI postponement
The decision to open up India’s $450bn retail market, allowing 51% FDI for internationals, reached a stalemate earlier this month with pressure from coalition allies as well as the opposition party.
Clive Black, head of research and retail analyst at Shore Capital Stockbrokers, told FoodNavigator-Asia that the decision to postpone the law will not put internationals off.
Clive Black, head of research and retail analyst at Shore Capital Stockbrokers, told FoodNavigator-Asia that the decision to postpone the law will not put internationals off.
Black said that the market is very complex administratively and that, “any internationals that are interested in India are very alive to the reality; they have done their homework.” .... read more
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