Home / Knowledge / News / Apparel/Garments / Government considering 100% FDI in single brand retail
Government considering 100% FDI in single brand retail
18
Jan '17
The Government of India is looking at allowing 100 per cent foreign direct investment (FDI) through automatic route for single brand retailers in a bid to attract more global players to India. The government currently permits FDI up to 49 per cent under the automatic route in this sector. Government’s permission is required beyond this limit.

Products introduced under FDI in India need to be of a single brand and should be sold globally under the same brand. For proposals involving FDI of 51 per cent or more, it is necessary to source at least 30 per cent goods from the small-scale sector of the country.

The ministry of commerce and industry and the ministry of finance are discussing the issue of easing the FDI policy for the sector. Single brand retail sector has a lot of potential of attracting FDI and the government wishes to provide easy policies for domestic as well as foreign investors, said a news agency citing a source.

The mandatory sourcing from local MSMEs was tweaked by the government last year. It agreed to exempt foreign firms from the norm for three years if they bring state-of-the-art technology to the country.

FDI in India touched $40 billion in 2015-16, a 29 per cent rise from $30.93 billion in 2014-15. (KD)

Fibre2Fashion News Desk – India


Interviews View All

Top executives, Textile industry

Top executives
Textile industry

It will take some time for the people to change their buying choices

Rajiv Sirohi, Shara

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Janak Dhamanwala & Sunil Dhamanwala, Jansun

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Manuele Baggini,

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Paolo Crespi,

Paolo Crespi

Japan's Epson, a leader in digital textile printing, Italy's For.Tex, a...

Shyam Gupta & Ravi Gupta,

Shyam Gupta & Ravi Gupta

Based out of South Delhi, Gargee Designer's provides bespoke formal and...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

Leave your Comments


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search