fdi

Wal-Mart plans entry into Indian dairy sector

02 aug 2007

The Indian dairy sector is poised for a giant leap forward with huge investment plans from domestic and multinational companies. The latest to join the list is world’s top retailer Wal-Mart, which plans to set up a dairy processing unit in India.

Starbucks postpones plans of entering India

20 jul 2007

World’s largest coffee chain, Starbucks much-written about entry into Indian market seems to be again delayed as it has withdrew its application to operate single-brand retail stores in India. Starbucks is now file a fresh application to enter Indian market as its application was rejected by the Foreign Investment Promotion Board and Commerce Ministry on account of unclear proposed equity structure for India operations.

After Carrefour, Tesco pulls back from India

22 jun 2007

One of the first foreign retail companies to explore the option of an Indian entry, UK-based Tesco has now shelved plans of entering into India unless FDI is allowed in retail sector.

Indian private companies to venture into Defence territory

12 jun 2007

India’s defence budget for current year is a mammoth Rs 96,000 crore, of which Rs 27,000 crore is for capital expenditure including acquisition of weapons systems. Till now, 70% of the budget was spent abroad as Indian Public Sector Undertakings (PSUs) couldn’t deliver on research or production fronts.