(Repeats to cover corrected alert)
NEW DELHI, Aug 1 (Reuters) - India eased investment rules
for the retail sector on Thursday, allowing foreign supermarket
operators to procure from small businesses which have invested
no more than the equivalent of $2 million in plant and
machinery, Trade Minister Anand Sharma told reporters.
Global supermarket chains like Wal-Mart Stores Inc
and Tesco will also be allowed to invest 50 percent of
an "initial" mandatory investment of $100 million in setting up
cold storages and warehouses in the country, Sharma said.
India, which threw open its supermarket sector to foreign
retailers in September 2012, has not yet received a single
application due to ambiguity around existing entry rules.
(Reporting by Nigam Prusty and CK Nayak; editing by Patrick