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Anything over 50% gives a company majority control. That would be fairly difficult to achieve given the stiff opposition from the Left parties, the chief prop of the Congress-led coalition. On the other hand, anything less than majority could keep big MNCs at bay. A few of them have made it clear that they won't enter the Indian retail sector unless given a majority control in their ventures. Which way the cookie will crumble only time will tell.
The media reports also talked of restrictions to be placed on foreign players. The Government may initially allow overseas retailers to set up shops only in major cities...
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