India opens retail sector to wholly-owned firms

A number of top UK companies are planning to set up shop in India after it was announced that the government in that country has officially allowed wholly foreign-owned firms to enter the single-brand retail sector.

A number of top UK companies are planning to set up shop in India after it was announced that the government in that country has officially allowed wholly foreign-owned firms to enter the single-brand retail sector.

The move means companies such as Adidas, Nike, IKEA and Marks & Spencer, who are rumoured or known to have a desire to expand into India, will no longer require a domestic partner to operate in the country.

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