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Struggling Indian chain stores are hoping the long-anticipated opening of the sector to foreign players like Wal-Mart Stores Inc and Tesco provides a lifeline in the form of equity investments and joint venture partnerships. That has local chains, which make up a small share of a fast-growing retail sector dominated by mom-and-pops, scrambling for tie-ups with Western retail giants.
Indian companies like Trent and RPG are local operators with scale expected to seek partnerships with global players preparing to swoop in on Asia's third largest economy , the head of investment banking at a foreign bank in Mumbai said.
A Carrefour link-up with India's Pantaloon has long been anticipated.
http://www.financialexpress.com/news/indian-global-retailers-in-mating-dance/842983/