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Recent Developments in FDI
In a recent development, the Government of India (“GOI”) has pushed through the move to allow foreign direct investment (“FDI”) in multi-brand retail. This will allow global retail giants like WalMart to set up deep-discount stores in India. However, GOI has allowed state governments to decide whether to allow FDI
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Recent Deals
FoxMandal (FM) is the legal advisor to US based Vornado Realty Trust, one of the largest owners and managers of real estate in USA with respect to its recent 50:50 joint venture worth approximately USD 500 million with Mukesh Ambani led Reliance Industries to set up real estate development projects including malls and shopping centres.
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