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/ Equity | Entry route |
6.2.16.5 | Multi 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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