Wal-Mart's suppliers shift base from China to India
23 May '05
4 min read
the largest retailer in the world with a turnover of $288bn, wal-mart plans to invest in india in a retail chain. the government's approval for the proposed investment is awaited as the retail sector is not open to foreign direct investment (fdi). once the us giant launches a chain here, sourcing from india for its overseas retail outlets is expected to increase further.
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