India may be open to allowing foreign retailers to operate if they agree to stock a specific percentage of India-produced goods:
“Global companies with a permit to sell local food items — Amazon.com Inc. has applied for a license — may also be allowed to market made-in-India non-food products such as toothpaste and towels worth about 25 percent of total sales, the official said, asking not to be identified citing rules on speaking with the media. India may also allow more foreign direct investment in multibrand retail if companies such as Wal-Mart Stores Inc. and Carrefour SA agree to stock only local products.“
Are you interested in selling your products in India? How might this news affect your business?
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