Call for more technology and logistics investment in India’s retail sector
27/11/2006
India’s commerce and industry minister, Kamal Nath, has called for more technology, logistics and cold chain infrastructure investment—chilled and frozen foods are not household staples yet in China—in the country’s retail sector, rather than just in construction and buildings. Speaking at the India Economic Summit, he pointed to the joint venture plans of Bharti Enterprises and Wal-Mart Stores as two cases in point. Both companies have recently signed a Memorandum of Understanding for collaboration in
The Minister also commented on accusations of Indian protectionism, saying that it is developed countries that are putting up trade barriers by allowing imports of raw leather from
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