Home / Knowledge / News / Apparel/Garments / Indian govt implements 51% FDI in multi-brand retail
Indian govt implements 51% FDI in multi-brand retail
24
Sep '12
The Government of India has issued a notification allowing global multi-brand retailers to open their outlets in India.
 
The notification issued by the Department of Industrial Policy and Promotion (DIPP) said 51 percent foreign direct investment (FDI) in India’s multi-brand retailing will be permitted in all products.
 
The decision takes immediate effect in 10 states and union territories, which have, so far, agreed to implement the Government of India’s decision.
 
The notification says retail outlets can be set up in other states/union territories, when they agree in future to allow FDI in multi-brand retail trading (MBRT).
 
Under the policy, the minimum investment cap for a foreign investor is US$ 100 million, of which, a minimum 50 percent should be invested in back-end infrastructure during the first three years.
 
The multi-brand outlets can only be set up in cities that have a population of over one million.
 
The DIPP notification also puts into effect the Cabinet decision to relax the 30 percent local sourcing norm for foreign retailers who invest more than 51 percent for setting up single-brand outlets.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Karel Williams
Dow Microbial Control

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

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Yash P. Kotak
Bombay Hemp Company

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

news category


Related Categories:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search