Most viewed articles
India clarifies sourcing rule for foreign supermarkets
Foreign supermarkets wanting to set up shop in India will have to source 30 percent of their produce from local, small industries, a government statement said on Monday, appearing to change the rule within days of announcing a supermarket policy.
The government on Thursday approved 51 percent foreign direct investment (FDI) in supermarkets, paving the way for firms such as Wal-Mart Stores Inc, Tesco and Carrefour to enter one of the world's largest untapped markets.
