13 August 2012

FDI in Multi Brand Retail Trade

The Department of Industrial Policy & promotion, Government of India, wrote to all the State Governments on 19.6.2012. Till date, written communications, indicating support for FDI in multi-brand retail trade, have
been received from the Governments of NCT of Delhi, Manipur, and from the Union Territory of Daman & Diu and Dadra and Nagar Haveli. 
As per extant policy, FDI, up to 100%, is permitted, with prior Government approval, for single brand product retail trading. FDI is not permitted in Multi Brand Retail Data relating to single brand retain trade operations in the States is not centrally maintained. 
This information was given by the Minister of State for Commerce and Industry, Shri Jyotiraditya M. Scindia in a written reply in the Rajya Sabha today. 

You May Also Like


Popular Posts