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Multi-brand retail FDI may get green signal this year
Economic Times
The government may allow foreign direct investment (FDI) in multi-brand retail this year to help the struggling domestic retail sector to get much-needed funds. This was hinted by the Economic Survey, an indicator of government's policy intentions.

Retail players welcome Survey recommendation on FDI
Business Standard
Organised retailers were elated today after the Economic Survey prescribed allowing FDI in multi-format organised retail sector. "It is a welcome suggestion and will help the Indian retail sector grow, by leading to inflow of money from overseas brands," Future Group Chief Executive Officer Kishore Biyani told PTI.

Future arm to set up mall development company
Economic Times
The new company, which will be christened Kshitij Retail Systems, is being set up in line with Westfield Group, the world's largest retail property group by market capitalisation.

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Kishore Biyani and France-based 90 billion euro retail giant Carrefour may be close to inking a mega alliance; much like the Bharti-Walmart deal

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(Jun 09, src: moneycontrol.com)

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