The UK government has pointed that it expects to talk over a
increase of limitations on investment in India. Talking from the
Mumbai offices of consumer goods leading Unilever, UK Prime
Minister David Cameron said to reporters there should be "a
conversation about beginning up the Indian economic system, making
it softer to do trade here".
Reported to Sky News, Cameron detailed on the insurance and
banking sectors as areas he desired to push for a liberalization of
foreign direct investment in the nation. However, an easing of
limitations could have a momentous impact on Indian FDI retail
limitations. Currently, Indian politicians are in the procedure of
relaxing retail investment limitations and lately introduced
proposals letting foreign companies to own up to 51% of multi-brand
retail businesses.
A representative for UK retail leading Tesco hinted that the group
could possibly step-up investment in the location if conditions
become more pleasing. "We have greeted moves in India to let
foreign investment in multi-brand retail and proceed to review the
conditions. We already have a flourishing franchise arrangement
with Tata's Star Bazaar sales outlet and we are anticipative
that this development will permit more Indian consumers, businesses
and communities to profit from world-class retail
investment."
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