Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
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        LATEST NEWS UPDATES | India to open market to global supermarket chains    </title>
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India has approved long-awaited proposals to open up the retail market to global supermarket chains.





Food Minister KV Thomas said the cabinet has agreed to 51% foreign ownership of multi-brand retail stores, allowing groups like Wal-Mart and Tesco to open stores.





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India has approved long-awaited proposals to open up the retail market to global supermarket chains.





Food Minister KV Thomas said the cabinet has agreed to 51% foreign ownership of multi-brand retail stores, allowing groups like Wal-Mart and Tesco to open stores.





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                            <div style="text-align: justify"><br /></div><div style="text-align: justify"><em>India has approved long-awaited proposals to open up the retail market to global supermarket chains.</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Food Minister KV Thomas said the cabinet has agreed to 51% foreign ownership of multi-brand retail stores, allowing groups like Wal-Mart and Tesco to open stores.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Such operators currently can only sell wholesale in India and not directly to customers.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">A decision on the issue has been pending for two years.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Mr Thomas told reporters that the cabinet decided to raise the cap on foreign investment in single-brand retailing - such as Apple or Reebok - to 100%, from its current 51%.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Consumers will have many more choices,&quot; said Gibson Vedamani, of the Retailers Association of India. &quot;It will truly be a borderless world in terms of products available.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Supporters of the move say it will increase competition and quality while reducing prices, which have been hit by close to double-digit inflation.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Opponents say the multi-nationals will squeeze out India's smaller and poorer traders and drive down prices paid to India's farmers.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>'Completely opposed'</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">One cabinet ally of the ruling Congress party, Dinesh Trivedi of the Trinamool Congress, said his party was &quot;completely opposed to it&quot;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He said: &quot;My suggestion in the cabinet meeting will be that an all-party meeting should be called to discuss this sensitive matter before taking it up in the cabinet.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The main opposition Bharatiya Janata Party is opposed to the proposal and there have been street protests by traders.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">BJP politician Murli Manohar Joshi said the move was &quot;a tool to kill the domestic retail industry&quot;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">But Gibson Vedamani, a board member of the Retailers Association of India, told Agence France-Presse: &quot;If this proposal gets through, consumers will have many more choices - it will truly be a borderless world in terms of products available.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Trade Minister Anand Sharma said before the decision that there was &quot;a broad-based consensus&quot; in the cabinet in favour of the proposal.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, some analysts have pointed to the potential political fallout and say there may be another move to postpone any decision.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The multi-nationals have long been eyeing the lucrative Indian market.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Tesco, for example, welcomed the decision.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Allowing foreign direct investment in retail would be good news for Indian consumers and businesses and we await further details on any conditions,&quot; the company said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;We already have a franchise arrangement with Tata's Star Bazaar stores. Learning about India and serving more customers every month is a win-win for customers, suppliers, Tesco and Tata.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Any easing of regulations could eventually come with strict controls, for example on local sourcing and levels of investment.</div><div style="text-align: justify"><br /></div>                                                           
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    <br><a href="http://www.bbc.co.uk/news/world-asia-india-15869378" class="re" target="_blank">BBC, 24 November, 2011, http://www.bbc.co.uk/news/world-asia-india-15869378</a><div class="clear"></div>
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India has approved long-awaited proposals to open up the retail market to global supermarket chains.





Food Minister KV Thomas said the cabinet has agreed to 51% foreign ownership of multi-brand retail stores, allowing groups like Wal-Mart and Tesco to open stores.





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India has approved long-awaited proposals to open up the retail market to global supermarket chains.





Food Minister KV Thomas said the cabinet has agreed to 51% foreign ownership of multi-brand retail stores, allowing groups like Wal-Mart and Tesco to open stores.





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    <h1 class="cat-box-title">India to open market to global supermarket chains</h1>
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                            <div style="text-align: justify"><br /></div><div style="text-align: justify"><em>India has approved long-awaited proposals to open up the retail market to global supermarket chains.</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Food Minister KV Thomas said the cabinet has agreed to 51% foreign ownership of multi-brand retail stores, allowing groups like Wal-Mart and Tesco to open stores.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Such operators currently can only sell wholesale in India and not directly to customers.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">A decision on the issue has been pending for two years.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Mr Thomas told reporters that the cabinet decided to raise the cap on foreign investment in single-brand retailing - such as Apple or Reebok - to 100%, from its current 51%.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Consumers will have many more choices,&quot; said Gibson Vedamani, of the Retailers Association of India. &quot;It will truly be a borderless world in terms of products available.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Supporters of the move say it will increase competition and quality while reducing prices, which have been hit by close to double-digit inflation.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Opponents say the multi-nationals will squeeze out India's smaller and poorer traders and drive down prices paid to India's farmers.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>'Completely opposed'</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">One cabinet ally of the ruling Congress party, Dinesh Trivedi of the Trinamool Congress, said his party was &quot;completely opposed to it&quot;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He said: &quot;My suggestion in the cabinet meeting will be that an all-party meeting should be called to discuss this sensitive matter before taking it up in the cabinet.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The main opposition Bharatiya Janata Party is opposed to the proposal and there have been street protests by traders.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">BJP politician Murli Manohar Joshi said the move was &quot;a tool to kill the domestic retail industry&quot;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">But Gibson Vedamani, a board member of the Retailers Association of India, told Agence France-Presse: &quot;If this proposal gets through, consumers will have many more choices - it will truly be a borderless world in terms of products available.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Trade Minister Anand Sharma said before the decision that there was &quot;a broad-based consensus&quot; in the cabinet in favour of the proposal.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, some analysts have pointed to the potential political fallout and say there may be another move to postpone any decision.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The multi-nationals have long been eyeing the lucrative Indian market.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Tesco, for example, welcomed the decision.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Allowing foreign direct investment in retail would be good news for Indian consumers and businesses and we await further details on any conditions,&quot; the company said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;We already have a franchise arrangement with Tata's Star Bazaar stores. Learning about India and serving more customers every month is a win-win for customers, suppliers, Tesco and Tata.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Any easing of regulations could eventually come with strict controls, for example on local sourcing and levels of investment.</div><div style="text-align: justify"><br /></div>                                                           
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    <br><a href="http://www.bbc.co.uk/news/world-asia-india-15869378" class="re" target="_blank">BBC, 24 November, 2011, http://www.bbc.co.uk/news/world-asia-india-15869378</a><div class="clear"></div>
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        LATEST NEWS UPDATES | India to open market to global supermarket chains    </title>
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India has approved long-awaited proposals to open up the retail market to global supermarket chains.





Food Minister KV Thomas said the cabinet has agreed to 51% foreign ownership of multi-brand retail stores, allowing groups like Wal-Mart and Tesco to open stores.





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India has approved long-awaited proposals to open up the retail market to global supermarket chains.





Food Minister KV Thomas said the cabinet has agreed to 51% foreign ownership of multi-brand retail stores, allowing groups like Wal-Mart and Tesco to open stores.





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                    <section class="cat-box recent-box innerCatRecent">
    <h1 class="cat-box-title">India to open market to global supermarket chains</h1>
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                            <div style="text-align: justify"><br /></div><div style="text-align: justify"><em>India has approved long-awaited proposals to open up the retail market to global supermarket chains.</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Food Minister KV Thomas said the cabinet has agreed to 51% foreign ownership of multi-brand retail stores, allowing groups like Wal-Mart and Tesco to open stores.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Such operators currently can only sell wholesale in India and not directly to customers.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">A decision on the issue has been pending for two years.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Mr Thomas told reporters that the cabinet decided to raise the cap on foreign investment in single-brand retailing - such as Apple or Reebok - to 100%, from its current 51%.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Consumers will have many more choices,&quot; said Gibson Vedamani, of the Retailers Association of India. &quot;It will truly be a borderless world in terms of products available.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Supporters of the move say it will increase competition and quality while reducing prices, which have been hit by close to double-digit inflation.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Opponents say the multi-nationals will squeeze out India's smaller and poorer traders and drive down prices paid to India's farmers.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>'Completely opposed'</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">One cabinet ally of the ruling Congress party, Dinesh Trivedi of the Trinamool Congress, said his party was &quot;completely opposed to it&quot;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He said: &quot;My suggestion in the cabinet meeting will be that an all-party meeting should be called to discuss this sensitive matter before taking it up in the cabinet.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The main opposition Bharatiya Janata Party is opposed to the proposal and there have been street protests by traders.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">BJP politician Murli Manohar Joshi said the move was &quot;a tool to kill the domestic retail industry&quot;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">But Gibson Vedamani, a board member of the Retailers Association of India, told Agence France-Presse: &quot;If this proposal gets through, consumers will have many more choices - it will truly be a borderless world in terms of products available.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Trade Minister Anand Sharma said before the decision that there was &quot;a broad-based consensus&quot; in the cabinet in favour of the proposal.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, some analysts have pointed to the potential political fallout and say there may be another move to postpone any decision.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The multi-nationals have long been eyeing the lucrative Indian market.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Tesco, for example, welcomed the decision.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Allowing foreign direct investment in retail would be good news for Indian consumers and businesses and we await further details on any conditions,&quot; the company said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;We already have a franchise arrangement with Tata's Star Bazaar stores. Learning about India and serving more customers every month is a win-win for customers, suppliers, Tesco and Tata.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Any easing of regulations could eventually come with strict controls, for example on local sourcing and levels of investment.</div><div style="text-align: justify"><br /></div>                                                           
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    <br><a href="http://www.bbc.co.uk/news/world-asia-india-15869378" class="re" target="_blank">BBC, 24 November, 2011, http://www.bbc.co.uk/news/world-asia-india-15869378</a><div class="clear"></div>
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Home हिन्दी

India to open market to global supermarket chains

Published on Nov 25, 2011   Modified on Nov 25, 2011

India has approved long-awaited proposals to open up the retail market to global supermarket chains. Food Minister KV Thomas said the cabinet has agreed to 51% foreign ownership of multi-brand retail stores, allowing groups like Wal-Mart and Tesco to open stores. Such operators currently can only sell wholesale in India and not directly to customers. A decision on the issue has been pending for two years. Mr Thomas told reporters that the cabinet decided to raise the cap on foreign investment in single-brand retailing - such as Apple or Reebok - to 100%, from its current 51%. "Consumers will have many more choices," said Gibson Vedamani, of the Retailers Association of India. "It will truly be a borderless world in terms of products available." Supporters of the move say it will increase competition and quality while reducing prices, which have been hit by close to double-digit inflation. Opponents say the multi-nationals will squeeze out India's smaller and poorer traders and drive down prices paid to India's farmers. 'Completely opposed' One cabinet ally of the ruling Congress party, Dinesh Trivedi of the Trinamool Congress, said his party was "completely opposed to it". He said: "My suggestion in the cabinet meeting will be that an all-party meeting should be called to discuss this sensitive matter before taking it up in the cabinet." The main opposition Bharatiya Janata Party is opposed to the proposal and there have been street protests by traders. BJP politician Murli Manohar Joshi said the move was "a tool to kill the domestic retail industry". But Gibson Vedamani, a board member of the Retailers Association of India, told Agence France-Presse: "If this proposal gets through, consumers will have many more choices - it will truly be a borderless world in terms of products available." Trade Minister Anand Sharma said before the decision that there was "a broad-based consensus" in the cabinet in favour of the proposal. However, some analysts have pointed to the potential political fallout and say there may be another move to postpone any decision. The multi-nationals have long been eyeing the lucrative Indian market. Tesco, for example, welcomed the decision. "Allowing foreign direct investment in retail would be good news for Indian consumers and businesses and we await further details on any conditions," the company said. "We already have a franchise arrangement with Tata's Star Bazaar stores. Learning about India and serving more customers every month is a win-win for customers, suppliers, Tesco and Tata." Any easing of regulations could eventually come with strict controls, for example on local sourcing and levels of investment.

BBC, 24 November, 2011, http://www.bbc.co.uk/news/world-asia-india-15869378

Tagged with: Retail FDI

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