Some German Companies are showing eagerness to join Indian multi-brand retail business and their proposals are being examined, as stated by the visiting diplomat.

“There are few offers from companies and we are just examining them at the moment. These are the world known companies that are interested and we will do whatever way we can help them,” Germany’s Parliamentary Secretary, Federal Ministry of Economic Cooperation and Development, Gudrun Kopp told PTI here today.

Though, she refused to pour our more information on those companies. She was speaking on the sidelines of one-week long Indo-German Urban Mela being organized here.

The government in September had allowed 51 per cent foreign direct investment (FDI) in multi-brand retail segment.

At present, government allows up to 100 per cent FDI in the wholesale cash and carry segment.

Opening up of multi-brand retail segment for global players will provide business opportunities for companies for global retail companies.

Currently, the US-based global retail chain Wal-Mart operates wholesale stores in India in an equal joint venture with Bharti Enterprises, while Carrefour Groupof France operates two cash and carry stores.