Indian Govt. not to review FDI in multi-brand retail | Policy News India
Home » News » Policy News » Indian Govt Not To Review Fdi In Multi Brand Retail

Indian Govt. not to review FDI in multi-brand retail

Share: 
      Newsletter

READ MORE ON FDIPolicy News IndiaRetail Information

Retail Store

Image Courtesy: picsinv.com

The Indian Government has made it clear that it is not going to review the Foreign Direct Investment (FDI) policy, which allows overseas players to hold 51 per cent stake in an Indian retail company, in the multi-brand retail sector.

“No proposal is under consideration of the Government to review the extant FDI policy on multi-brand retail,” informed Commerce and Industry Minister Nirmala Sitharaman in a written reply to Lok Sabha, the lower house of the Indian Parliament.

Also ReadIndian Govt. mulls 100% FDI in single brand retail via auto route

Till date British multinational retailer Tesco is the only overseas players who has got approval for opening stores under the multi-brand retail policy.

 

Have some news? Let us know on news@apparelresources.com

Comments are closed.

Recommended by Apparel Resources

GST: Indian Govt. Rules Out Rate Revision for Textile Industry

The Indian Government has ruled out any scope of relaxation on Goods and Services Tax (GST) for the textile industry. Textile traders have...

Indian Govt. restores old rates for ROSL scheme

The Government of India has decided to continue ROSL...

Bangladesh Budget: Corporate Tax for RMG sector at 12%, Tax at Source 1%

In what may be termed as some reprieve to the readymade garment manufacturers of Bangladesh, the Government has lowered the Corporate Tax to...

GST gets mixed response from Indian textile industry

Goods and Services Tax (GST) will become the part of Indian taxation policy from 1st July, 2017. Despite several seminars and knowledge sharing...

India’s EPCH takes measures to ensure smooth GST roll-out

Goods and Services Tax (GST) will be effective from 1st July, 2017 and become one of the biggest taxation reforms in India… In a bid to ensure hassle-free execution of the...

Bangladesh will continue to get duty-free access to UK post Brexit

Even as readymade garment exporters in Bangladesh have been speculating on the fate of duty-free benefits (that it currently enjoys in United Kingdom)...

India imposes anti-dumping duty on sewing machine needles from China

The Union Finance Ministry of India has imposed definitive anti-dumping duty for a period of five years on sewing machine needle import from...

Textile industry clueless on draft of UP Textile Policy ’17

Draft of Textile, Handicrafts and Sericulture Policy 2017 has recently been approved by the Yogi Adityanath-led State Government in Uttar Pradesh, India. The draft is however not available in public...

Indian knitwear industry likely to get ‘special package’ soon

Indian knitwear industry might get to hear good news in around two months’ time as the Government is likely to announce a package...