Walmart's UP, Uttarakhand plans: Expansion depends on clarity in FDI rules

International retailers argue that clarity in FDI rules regarding 'food plus' segment must

For multi-national retailers such as Carrefour, Auchan and Walmart – who have for long had a blow hot, blow cold relationship with India – expansion in the country depends a lot on how the foreign direct investment (FDI) rules in retail finally shape up, experts said.

While there have been reports that Walmart might just further expand in India and open as many as 50 cash and carry stores, with a chunk of them in Uttar Pradesh and Uttarakhand, industry insiders said that the next phase of expansion would depend on how the government handles the ‘food plus’ component in