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Panel for 51% FDI in multi-brand retail

PUBLISHED ON: July 23, 2011 | Duration: 23 min, 22 sec

   
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The government has moved a step closer to allowing up to 51 per cent FDI in multi-brand retail with a panel agreeing to allow global retail chains a majority shareholding in their Indian operations. Kishore Biyani, Group CEO of Future Group, said the move would generate a lot of interest among international retailers.
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