FDI IN MULTIBRAND RETAIL IN INDIA PDF

Now that the govt is tightening the rules for foreign direct investment in e-commerce sector, Retailers Association of India is "cautiously optimistic" on its effective implementation. India received a USD Singapore continued to be the largest source of FDI in India during the first half of the financial year with USD 8 billion investments. No plans to allow multi-brand retail: Piyush Goyal 17 Jul, , AM IST Goyal also said there is a need to create conducive environment for retail trade by simplifying rules and regulations hindering the growth of retail sector.

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With this notification, multinational retailers can invest up to 51 per cent to open stores in 10 states and UTs which, till date, have agreed to implement the decision. It said the decision will take immediate effect.

The DIPP also operationalised September 14 Cabinet decisions to relax the sourcing norms for foreign retailers investing beyond 51 per cent in single-brand retail and allow 49 per cent FDI by foreign airlies in the domestic carriers. Besides, the decisions on permitting 49 per cent FDI in power exchanges and increase in foreign equity cap from 49 per cent to 74 per cent in the service providers like DTH in broadcasting sector have also been notified.

Minimum amount to be brought in by the foreign investor would be USD million and outlets may be set up only in cities with a population of more than 10 lakh. The parties were also protesting against the diesel price hike and cap on subsidised LPG. Industry body Assocham complimented the government on its firm decision on economic reforms.

The politicians must distinguish between politics and economics in the interest of the country. Though not much investments will be flowing from investors immediately but the message it carried is huge, he added.

The government today notified FDI in multi-brand retail operationalizing the Cabinet decision. The Department of Industrial Policy and Promotion also operationalized September 14 Cabinet decisions to relax the sourcing norms for foreign retailers investing beyond 51 per cent in single-brand retail and allow 49 per cent FDI by foreign airlines in the domestic carriers. CII said it is important to stay on track on reforms. This is an important reform for India for both growth and development, he added.

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FDI in multi-brand retail

With this notification, multinational retailers can invest up to 51 per cent to open stores in 10 states and UTs which, till date, have agreed to implement the decision. It said the decision will take immediate effect. The DIPP also operationalised September 14 Cabinet decisions to relax the sourcing norms for foreign retailers investing beyond 51 per cent in single-brand retail and allow 49 per cent FDI by foreign airlies in the domestic carriers. Besides, the decisions on permitting 49 per cent FDI in power exchanges and increase in foreign equity cap from 49 per cent to 74 per cent in the service providers like DTH in broadcasting sector have also been notified. Minimum amount to be brought in by the foreign investor would be USD million and outlets may be set up only in cities with a population of more than 10 lakh. The parties were also protesting against the diesel price hike and cap on subsidised LPG.

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India considering 100% FDI in multi-brand retail, with riders

Puri said the decision would help in absorption of surplus retail space in shopping malls across the country. Sep 14, , PM IST After battling stiff opposition, government Friday allowed 51 percent foreign investment in multi-brand retail but left it to the states to permit global retailers open stores. Sep 14, , PM IST The 12th Plan document, which will be placed before the full Planning Commission meeting on Saturday, has argued that early steps to liberalise FDI in retail will send right signals to investors, sources said. Sep 13, , PM IST Growing retail and wholesale trading backed by huge domestic market is the main attraction for global retail chains to set up stores in the country, industry chamber Assocham said on Friday.

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