India May Be Flooded With Luxury Goods In The Near Future


	India May Be Flooded With Luxury Goods In The Near Future

Lauren Sherman

10-1-2008 1:23 PM

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Lauren Sherman says:

Reuters says that India's trade minister is might allow foreign retailers to own 100% of their companies in India. Right now, all brands must work with a distributor.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/0bccadcf-a616-499d-8c5f-e2e0d4d18add/15B8BA1B-9108-4DFD-AF86-33ABD5DC3530/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://in.reuters.com/article/domesticNews/idINL112273920081001" href="http://in.reuters.com/article/domesticNews/idINL112273920081001" style="font-size: 11px;">in.reuters.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://in.reuters.com/article/domesticNews/idINL112273920081001"><P>PARIS, Oct 1 (Reuters) - India pledged to seriously consider a legal reform that would help luxury goods companies gain a stronger foothold in one of their biggest untapped markets to date, potentially worth $15 billion.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://in.reuters.com/article/domesticNews/idINL112273920081001"><P>During a visit to Paris on Wednesday, India's trade minister Kamal Nath said he would think about allowing foreign retailers to own 100 percent of their companies in India, up from 51 percent today.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/15B8BA1B-9108-4DFD-AF86-33ABD5DC3530/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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