FDI in Multi-Brand Retail Being Examined

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..... FDI in Multi-Brand Retail Being Examined
News and Press Release
Dated:- 30-11-2010

The existing policy allows for 51 % FDI in only single brand retail subject to specified conditions. Government has received suggestions from associations /trade bodies for allowing FDI in multi brand retail. The objective is to enhance the operational efficiency of back-end infrastructure in the retai .....

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..... l sector, reduce wastage in the agricultural sector, enhance benefit to producers, integrate the retailer in the value chain, and benefit consumers through greater competition. Towards this end, the Department of Industrial Policy and Promotion has released a Discussion Paper on the subject of 'Foreign Direct Investment in Multi-Brand Retail Trading', with the aim of generating informed discussion .....

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..... on the subject and obtaining the views and comments of various stakeholders. The views received on the paper are being examined by an inter ministerial committee. The GDP of trade over the last three years is as follow: Year GDP Trade at Constant 2004-05 prices (Rs Crores) Rate of growth over the previous year (%) Share of Trade in Total (current prices) GDP (%) 2006-07 537690 10.8 15.3 .....

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..... 2007-08 587041 9.2 15.2 2008-09 624193 6.3 15.1 Source: NAS, 2010 pp 14-19 This information was given by Prof. K.V. Thomas, Minister of State for Agriculture, Consumer Affairs, Food & Public Distribution, in written reply to a question in the Lok Sabha today.
News - Press release - PIB .....

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