- Nath moots 'Indian formula', 49% FDI, 26% FII in retail.
- Wal-Mart sourced $1.2 bn worth textiles, accessories from India in '04. Target $1.5 bn in '05.
- Organised retail may give direct employment to 10 mn, indirectly to another 30 mn.
- Indian retail biggies Westside, Shoppers' Stop, Trent etc on expansion spree. Rs 700-800 cr investment in next few years.
Kamal On Line
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Kamal On Line
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