Search Result for : Singe Brand Retail

The Dollar Business Bureau The Government on Wednesday made a number of amendments in India’s Foreign Direct Investment (FDI) policy for some major sectors. The Cabinet has allowed 100% FDI via automatic route in single brand retail trading and construction, while it has raised the existing limit in power exchanges and aviation sectors. “The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given its approval to a number of amendments in the FDI Policy. These are intended to liberalise and simplify the FDI policy so as to provide ease of doing business in the country. In turn, it will lead to larger FDI inflows contributing to growth of investment, income and employment,” said an official statement. For single brand retail trading, ...

The Dollar Business Bureau Despite having series of discussions and consultations with stakeholders, the government is yet to take any decision on Foreign Direct Investment (FDI) in multi-brand retail. “As regards Foreign Direct Investment (FDI) policy in multi-brand retail trading, no decision has been taken by the government,” Commerce Minister Nirmala Sitharaman told Rajya Sabha on Wednesday. The current foreign investment policy allows up to 51% FDI in multi-brand retail, but the government seems to be not so keen on increasing the limit for foreign investments in the sector. Changes are made in the policy after having intensive consultation with stakeholders including concerned ministries andindustry bodies, the Minister said, adding, “FDI up to 100% is allowed on the automatic route in ...