Foreign Direct Investment- Liberalization in Single-Brand Retail Trading
Foreign Direct Investment (FDI), in retail trade, is prohibited except in single brand product retail trading, in which FDI, up to 51% is permitted. However as a mark shift in retail FDI and as a welcome gift Indian govt has decided that FDI, up to 100%, under the government approval route, would be permitted in Single-Brand Product Retail Trading, subject to specified conditions. The detailed letter/notification which shows the conditions are as following:
It is good that Govt of India has taken a firm stance and it will send a positive message to investors and companies overseas and we definitely require their dollars to make India grow and to make India a force to reckon with. Please do remember to go through the below related posts and do endorse your opinion in comments if we have missed anything on the subject.
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