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Selasa, 09 November 2010
MBA Scholarships from Indina government
Sunil Mittal’sBharti Enterprises has decided to make a joint venture with global retail giant Wal-Mart to enter the Indian market. After one day of this tie-up decision, the government of India decided to check whether the joint venture has followed the norms set by the government with regard to foreign investments in retail sector. Commerce and Industry Minister Kamal Nath, said that. However, South Africa’s Shoprite has been operating supermarkets selling multiple brands since long and Wal-Mart planned to follow the same model. The wholesale cash-and-carry and franchisee, two models of the Bharti-Mittal deal, are allowed under the current regulatory. Another franchise deals such as Marks & Spencer have been operating in India for several years.
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