Wednesday, January 09, 2008

Starbucks has pulled out its application for its India foray from the Foreign Investment Promotion Board (FIPB)

Starbucks is the third most high-profile retailer to suspend, if not drop, its India plans. The first was FrenchStarbucks retailer Carrefour, which stated that it’s putting its India plans on hold. Carrefour India, Managing Director, Gerard Freiszmuth had said a few months back, “We’ll not be in a position to announce any concrete India entry plan till policy issues on FDI in retail are made clear.” In June this year, Tesco, which had similar plans in mind, revealed that it would wait for changes in the retail FDI policies and then announce its India foray.

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative



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