RBI Grade B Officers Aug 2013 Papers

(5) The government eased investmentrules for the retailsector allowing foreign supermarketoperators to procurefrom small businesses whichhave invested no more thanthe equivalent of 2 million inplant and machinery. Globalsupermarket chains like Wal-Mart Stores Inc and Tescohave been allowed to invest50 percent of an “initial” mandatoryinvestment of 100million in setting up coldstorages and warehouses inthe country.