Retail in Asia

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Japanese retailers willing to invest in India if it removes FDI restrictions

Describing India as one of the most vibrant potential markets, the Japan Retailers Association said on Friday that over a dozen players from the East Asian nation are willing to invest there, provided the government relaxes foreign direct investment (FDI) norms in the retail sector.

It said that at a time when the home market in Japan is saturated, major players are ready to invest up to USD10 million each in India, but mainly in the multi-branded segment where FDI is currently prohibited.