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Reply #7: FDI in retail: Global retailers in wait and watch mode [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-28-11 07:25 AM
Response to Reply #6
7. FDI in retail: Global retailers in wait and watch mode

NEW DELHI: Global retail giants, including IKEA, Walmart and Carrefour, are studying the finer details of India's relaxed FDI norms for the sector as they look to tap opportunities in the country.

In the meantime, while closely watching developments post the changes, these firms are staying focussed on their current operations in India that includes sourcing in case of Ikea, and cash and carry businesses for Walmart and Carrefour.

Welcoming the government's move to allow 100 per cent foreign direct investment (FDI) in single brand retail, IKEA said: "We will now over the next few days look into the details of the decision and we expect to present more information shortly about our intention to establish retail operations."

India is since long a strong and growing purchase market for IKEA, the Scandinavian furniture retailer said in an e- mailed statement to PTI.

*** i would have said 'Stalk & Pounce' mode.
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