05 December 2012
Jaipur
Amid uproar and protest over foreign direct investment in the parliament, Rajasthan is all set to welcome foreign retailers in the state. Being among the nine states that have given consent for allowing foreign direct investment in multi-brand retail, the MNC’s are expected to line up here soon.
With Bharti-Walmart, Carrefour and Metro Cash & Carry already present in the wholesale segment in state, Jaipur is expected to be among some of the first cities to have a multi-brand retail store by global majors. Apart from Jaipur, Kota and Jodhpur also will have such stores.
Bharti-Walmart opened its first store in Kota, while Carrefour and Metro Cash & Carry have their units in Jaipur. All the stores are in wholesale segment which sell to only core customer groups like hotels, caterers, traders and other business professionals and not the end consumers. These stores aim to prevent any intervention by middlemen and require buyers to make their own arrangements and assume the risk.
src: timesofindia.indiatimes.com