Home / Knowledge / News / Apparel/Garments / Indian govt okays 51% FDI in multi-brand retail
Indian govt okays 51% FDI in multi-brand retail
14
Sep '12
The Indian Government has approved 51 percent foreign direct investment (FDI) in multi-brand retail sector.
 
The latest Cabinet decision is expected to benefit consumers as the entry of retail giants would contribute in bringing down prices to a certain extent, especially at multi-brand outlets.
 
Last December, the Indian Government had put on hold the earlier Cabinet decision to allow up to 51 percent foreign direct investment (FDI) in multi-brand retail, to buy peace with the Opposition and allies who have been disrupting the proceedings of the Parliament on the issue.
 
Single-brand retail firms are already allowed to invest up to 100 percent FDI, after the Cabinet took the decision in November last year.
 
Some global retailers like Wal-Mart and Tesco are already present in India through cash-and-carry model, where 100 percent FDI is allowed. However, the latest Cabinet decision will help retail giants like Carrefour and Tesco to open their supermarket chains in India.
 
The Cabinet decision to allow 51 percent FDI in multi-brand retail would also impact local, family-owned businesses that enjoy a 90 percent market share in the retail segment.
 
Currently, the size of India’s overall retail market, including organized and unorganized, is estimated to be around US$ 550-600 billion. The opening of such a huge market to foreign investment would certainly boost investment manifold in Asia’s third-largest economy.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Rieter

Textiles | On 22nd Aug 2017

Rieter unveils new generation of RDB-D 50 draw frame

Rieter, a producer of textile machinery and automobile components,...

Courtesy: Alizilla

Textiles | On 22nd Aug 2017

‘New Retail’ strategy Alibaba’s focus in next 15 years

Alibaba executive vice chairman Joe Tsai has said that the next 15...

Courtesy: Eurovet/ Interfiliere Shanghai

Textiles | On 22nd Aug 2017

Interfiliere Shanghai to focus on textile printing

Interfiliere Shanghai, the leading trade show for intimates,...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search