TRADE
Thais urged to tap India retail sector
- Published: 20 Feb 2012 at 00.00
- Newspaper section: Business
Thai companies should invest in single-brand retail businesses and construction in India while sourcing raw materials for seafood and jewellery industries, suggests a trade official.
Srirat: Customs, rules of origin concluded
Adul Chotinisakorn, executive director of the Thai Trade Center in Mumbai, said India recently approved 100% foreign ownership in single-brand retail businesses. This means Thai operators such as the Black Canyon cafe{aac} chain and Naraya, the manufacturer and distributor of NaRaYa fabric bags and accessories, could reap full benefits from investing there. However, New Delhi has not yet granted the same privilege to multi-brand retail businesses.
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