India has one of the most complex policies for retailing in the world. Unlike other countries, the sector here is classified into several segments such as single-brand, multi-brand, wholesale, ecommerce -and each is governed by a separate FDI policy. For potential foreign players, all this creates confusion and imposes entry conditions that are sometimes difficult to meet. A case in point is a new carveup, food-only retailing, where 100% FDI is permitted but only locally sourced and produced food items are allowed to be sold.....
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