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Capitalising On Grey Areas
Business Today
|September 22, 2019
THE Government of India has been against allowing FDI in multibrand retail for a long time since it believes it would hurt the interests of local retailers.
However, it has allowed for a number of grey areas in the policy which global retailers have capitalised upon. In the past couple of years, Amazon has made three investments in Indian retail companies through indirect routes. It has recently invested in Future Retail by buying a 49 per cent stake in Future Coupons, a promoter entity of Future Retail, and has a call option to acquire the entire stake of Future Retail over a period of time. Earlier,
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