NEW DELHI: Nearly 100 communist protesters demonstrated against the visit to India of a top Wal- Mart executive looking to open stores across the country in partnership with an Indian conglomerate.
India's retail market remains dominated by small mom-and-pop shops, and major Western retailers are eager to move in before Indian companies build their own chains.
But Indian law bans foreign multi-brand retailers like Wal-Mart Stores from setting up shop on their own.
So Wal-Mart, the world largest retailer, has formed an alliance with Bharti Enterprises — an Indian conglomerate that operates the country's largest mobile phone company — and the two plan to use a loophole in Indian law to open their chain.
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