UPS` retail franchise plans in India face roadblock
United Parcel Services (UPS), which plans to set up a network of retail franchise shops in the country under the brand name UPS Stores, may find the going tough. The company’s plans are likely to get stalled with the Centre’s recent reluctance to allow foreign direct investment in retail. A section of the government does see it as an attempt to gain an indirect entry into retail. Besides, the department of posts has objected to UPS’ proposal, viewing it as a violation of the Indian Postal Act, which reserves the mail delivery system as a government function.
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