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Foreign retailers slow to enter Indian market

Only a handful of brands are applying to enter India and the process has been fraught with delays
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First Published: Fri, Jan 18 2013. 01 09 AM IST
A shopper walks in Fast Retailing’s Uniqlo casual clothing store in Tokyo. Photo: Reuters
A shopper walks in Fast Retailing’s Uniqlo casual clothing store in Tokyo. Photo: Reuters
Updated: Fri, Jan 18 2013. 12 58 PM IST
The Indian government in September last year eased policy restrictions on the entry of multi-brand retailers into the country. But foreign retailers have been slow to bite. Only a handful of brands are applying to enter India and the process has been fraught with delays.
Some experts say this is because the policy is unclear. Others postulate that it’s a matter of time, since entering a new market is a costly procedure and India’s infrastructure is still developing. Either way, consumers are eager to see the entrance of more foreign brands.
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First Published: Fri, Jan 18 2013. 01 09 AM IST
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