India opens doors to global retail chains

In a major push to reforms, India Thursday allowed global chains like Wal-Mart, Carrefour and 7-Eleven to bring up to 51 percent foreign equity to open multi-brand retail stores despite opposition by some allies in the ruling coalition. Also allowed is 100-percent equity in single brand retailing.
http://ummid.com/news/2011/November/24.11.2011/india_opens_door_to_global_retail.htm