Even before India could open the doors for FDI in retail, Wal-Mart has made a quite entry into India. The government has allowed Wal-Mart to set up two offices in India. The Indian offices, which are to be based in Delhi and Mumbai, will explore business opportunities for Wal-Mart in the Indian retail sector, reports Business Standard.

One of the other responsibilities of the Indian offices will be to increase the company's sourcing activities in India. It's projected that Wal-Mart wants to source materials worth US$4 billion from India in the foreseeable future.

The model adopted by Wal-Mart is typical of companies operating in sectors with strict foreign investment conditions. Such companies come into India by opening branch offices, which will be converted into subsidiaries as and when government relaxes FDI regulations. These offices will represent the company's business interests in India.

For the complete story, go to http://ibef.org