Wal-Mart Stores (WMT) CEO Michael Duke said he is “optimistic” that foreign companies will be allowed to invest in the Indian retail sector.
Wal-Mart is hoping that India’s government will loosen restrictions on foreign investment after the trade ministry invited views from the industry, Bloomberg News said.
“The opening of dialogue the ministry has initiated is very productive, and I view that as…
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Wal-Mart CEO ‘Optimistic’ About India Investment Rules originally appeared on DailyFinance on Tue, 26 Oct 2010 08:04:00.
Filed Under: Company News, Investing, Wal-Mart Stores, Retail