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The government on Wednesday approved three FDI proposals of Amazon Retail, Supermarket Grocery Supplies and Grofers India worth over ₹3,700 crore for retail trading in food products.
The government has granted permission for 100 per cent foreign direct investment in retail trading of food products manufactured and/or produced in the country.
Shares of Avenue Supermarts, Future Retail and Jubilant FoodWorks may come under focus.
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