Despite several attempts by the Biyanis and Ambanis of the retail world to disallow big International retailers from entering the country in a big way, players like Best Buy and Walmart are still going strong in their attempts to enter the Indian market.
Although FDI is not allowed in Retail, certain loop holes have been explored by these companies and they are now considering operating in the Cash and Carry Space (ala Metro) or the Croma system (the Tata - Wellworth tie up) which allows Croma to operate with Tata as the Indian partner.
While Croma has comfortably settled in its venture with the Tatas, Best Buy is exploring a tie up with Vivek, a consumer electronic chain that operates in multiple Indian cities.
Watch out!!!
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