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

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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