India To Boost Retail, Aviation With Foreign Investment

Law360, New York (September 14, 2012, 7:48 PM EDT) -- India on Friday agreed to conditionally open up its multibrand retail and aviation sectors to foreign investors in a move paving the way for international big-box retailers, including Wal-Mart Stores Inc., as well as foreign airlines to partner with local firms.

In an announcement approving the move to liberalize its retail sector nearly 10 months after the nation’s Cabinet indicated plans to do so in November, the nation's lawmakers said such foreign investors can only set up retail sales outlets in states that have agreed to...
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