By and and and  on November 27, 2011

NEW DELHI — Western retailers welcomed the news that after two years of intense debate, India has decided to open its doors to global retailers.

“Allowing foreign direct investment in retail would be good news for Indian consumers and businesses, and we await further details on any conditions,” said a Tesco spokesman. “We already have a franchise arrangement with Tata’s Star Bazaar stores. Learning about India and serving more customers every month is a win-win for customers, suppliers, Tesco and Tata.”

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