Wednesday, December 1, 2010

FDI in Retail Sector

  • As per extant policy on Foreign Direct Investment (FDI) for the retail sector, FDI is permitted, up to 51%, only in Single Brand product retailing, with prior Government approval and subject to the following conditions:-
  1. Products to be sold should be of 'Single Brand' only;
  2. Products should be sold under the same brand internationally; and
  3. 'Single Brand' product-retailing would cover only products which are branded during manufacturing.
  • The Government has approved 59 cases of single brand retailing since in March 2006, when FDI was allowed in Single Brand Retail, until October, 2010.

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