Retailers pick flaws in policy

Less than two weeks after the government's decision to allow foreign supermarkets into India was greeted with loud acclaim by retailers, euphoria is being tempered by reality. Foreign retailers have discovered holes in the recently announced foreign policy for multi-brand retail and expressed apprehensions about the government's move to make it mandatory for them to invest $100 million, with at least half the money being compulsorily spent on back-end infrastructure, in the first three year of operations.

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