The Indian government does not currently have any proposal under its consideration to review the foreign direct investment (FDI) policy in the multi-brand retail sector. At present, the government permits foreign investors to hold a maximum of 51 per cent stake in an Indian retail company. However, 100 per cent stake is allowed in single-brand retail sector.“No proposal is under consideration of the government to review the extant FDI policy on multi-brand retail,” commerce and industry minister Nirmala Sitharaman said in a written reply to the Lok Sabha.
Under the existing policy for FDI in multi-brand retailing, so far, only one company—Tesco, has received the government’s nod for opening stores in the country. (RKS)
The Indian government does not currently have any proposal under its consideration to review the foreign direct investment (FDI) policy in the multi-brand retail sector. At present, the government permits foreign investors to hold a maximum of 51 per cent stake in an Indian retail company. However, 100 per cent stake is allowed in single-brand retail sector.#
Fibre2Fashion News Desk – India
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