Cabinet likely to decide 51% FDI in multi-brand retail

Описание

The Union Cabinet is likely to decide on allowing 51 per cent FDI in multi-brand retail trading, Also on its agenda is the proposal to raise FDI in single-brand retail to 100 per cent. At present, India allows 100 per cent FDI in cash-and-carry wholesale trade .Which are business-to-business sales. But FDI is not allowed in multi-brand retailing like Walmart, Carrefour and Tesco. The government approval for this would allow the entry of these companies into the 600 billion dollar industry.