September 25, 2012 2:11 PM

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US welcomes India's decision to allow FDI in multi-brand retail

The US has welcomed India's decision to allow FDI in multi-brand retail. Addressing 9th annual Investment Forum in Washington, the under secretary of Economic Growth Energy and Environment Robert Hormats said that these reforms would lead to a stronger, more efficient and resilient Indian economy. He said the new reforms will send the right message to global investors.

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