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India opens duty-free to foreign investorsIndia opens duty-free to foreign investors
14-Oct-2003
Airports Authority of India is to allow direct foreign investment in duty-free outlets for the first time
Airports Authority of India is to allow direct foreign investment in duty-free outlets for the first time. International operators will now be eligible to bid in the authority's current round of tenders without the aid of a local partner, a situation that has hitherto been avoided to shelter domestic retailers from stronger overseas companies.
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