Friday, June 14, 2013

FDI, up to 51%, under the government approval route, is permitted in the multi-brand retail trading sector

FDI, up to 51%, under the government approval route, is permitted in the multi-brand retail trading sector


As per paragraph 6.2.16.5 of `Circular 1 of 2013- Consolidated FD1 Policy’, effective from 5.4.2013, FDI, up to 51%, under the government approval route, is permitted in the multi-brand retail trading sector, subject to specified conditions.

Up to 10 state governments in India have given their consent for operating multi-brand retail in their states. Now , Himachal Pradesh government also joined the band and the following is the list of state government that have consented to allow FDI in multi-brand retail sector .

:
S.No.Sector/ Activity% of FDI Cap/ EquityEntry route
6.2.16.5Multi   Brand     Retail Trading            51%Government
 (1)       FDI in…
(2)       LIST  OF STATES/ UNION   TERRITORIES AS MENTIONED  IN PARAGRAPH 6.2.16.5(1)(viii)
1.        Andhra Pradesh
2.        Assam
3.        Delhi
4.        Haryana
5.        Himachal Pradesh
6.        Jammu & Kashmir
7.        Maharashtra
8.        Manipur
9.        Rajasthan
10.      Uttarakhand
11.      Daman & Diu and Dadra and Nagar Haveli (Union Territories


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