One of the persons aware of the development said German parent Metro AG is concerned about the regulatory environment in India and the ‘swadeshi versus videshi’ debate. Lobby groups representing Indian retail companies have upped the ante against overseas retailers, alleging violation of FDI norms, which the foreign companies have always denied.
from Industry-Economic Times
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RIL makes Rs 5.6k-crore initial offer for Metro Cash & Carry India; CP Group bids Rs 8k crore