?The government is looking for quick wins, whether it?s [investments from] Tesco or Walmart, but the elections are too close now and they?re anxious that whatever new government comes in may have a different view of the policy,? said Dilip Cherian, a leading advisor to investors in India.
Gokul Patnaik, whose Global AgriSystems vegetable producer supplies several major supermarket chains, said he believed most of the potential investors would now wait to see if the government makes further concessions.
?They?ve all been sniffing around but none of then have made an applications to open. Tesco and others are put off by these conditions. The new relaxations are a step forward but people will now expect more reforms,? he said.
Tesco had been expected to open stores and cold-chain warehousing operations in Mumbai and Bangalore in partnership with the Tata-owned Trent group which operates India?s Star Bazaar supermarkets. It has a warehouse in Mumbai and offices in Delhi and Bangalore, employs 6000 staff and sources products valued at ?270 million from India.
A spokesman for Britain's biggest supermarket group said: ?Tesco welcomes the proposed changes in the policy. We are in the process of reviewing the conditions."
8 bit google maps kids choice awards 2012 micah true blood diamond kansas vs ohio state winning mega million numbers bruce weber
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.