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.
(Source: Business Standard)