The Break-Up of the RPG-DFI Joint Venture
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EXCERPTS Contd...The DFI StoryPost split, DFI announced that it had no intention of exiting
the Indian market and that it would look out for a suitable partner to continue
its operations in India. The Outlook for RPGIn 2005, the Indian retail sector was booming. Global giants like Wal-Mart and Tesco were among the many retailers who were interested in entering the lucrative Indian market. Wal-Mart, the largest retail chain in the world, considered India an attractive investment destination. In fact, in June 2005, Wal-Mart lobbied with the GoI to relax the rules related to foreign direct investment in the retail industry...
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