Home / Knowledge / News / Apparel/Garments / Govt may free up retail FDI for domestic goods
Govt may free up retail FDI for domestic goods
Feb '17
Government may remove restrictions on retailers like Walmart and Amazon under the new foreign direct investment (FDI) policy for goods produced in India. It is mulling over freeing up the FDI policy in order to attract more investments and boost the 'Make in India' initiative. The decision is likely to be made after the assembly elections of Uttar Pradesh.

The policy is meant for removing restrictions on offline as well as online retailers, a senior official told a leading daily. He added that the matter will be taken up by the government in the near future.

The announcement comes days after finance minister Arun Jaitley said in his Budget speech that the government is working on liberalising the FDI policy. Over 90 per cent of the FDI in India is coming through the automatic approval route.

Experts believe that doing away with restrictions will benefit Indian producers. Manufacturing industry will get a boost and jobs will not be affected if the rules are relaxed, said Devraj Singh, executive director of EY.

As manufacturing is lagging behind services in total FDI, the Indian government is looking at boosting the manufacturing sector to create more jobs.

According to the current FDI policy foreign retailers can set up marketplaces and cannot have an inventory for selling goods on their own. Multibrand retailers also have a lot of restrictions and they can own not more than 51 per cent of Indian ventures. (KD)

Fibre2Fashion News Desk – India

Interviews View All

Dinaz Madhukar, DLF Emporio and DLF Promenade

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Md Hanifur Rahman, Aman Group

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Top executives, Textile industry

Top executives
Textile industry

Textile institutes need to change their curriculum

Eric Schoeller,

Eric Schoeller

Groz-Beckert is the world's leading provider of industrial machine...

Ritu Ajbani & Neha Agarwal,

Ritu Ajbani & Neha Agarwal

Petit Royal, co-founded by entrepreneurs <b>Ritu Ajbani and Neha...

Paolo Crespi,

Paolo Crespi

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

S Ziya Gumuser, Teknomelt

S Ziya Gumuser

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

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

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

November 2019

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

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search