Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Single Brand Retail Trade received FDI Equity of US$ 1,048.14 Million since 2006

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Single Brand Retail Trade received FDI Equity of US$ 1,048.14 Million since 2006 - News and Press Release Dated:- 1-8-2018 - News - Single Brand Retail Trading (SBRT) sector has received total FDI equity of US$ 1,048.14 million from April, 2006 to March, 2018. FDI policy on SBRT has been in operation since 2006. From 2006 till 29.03.2018, 112 brands have obtained the approval of Government in th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... is regard. After 29.03.2018, FDI upto 100% under automatic route has been allowed in SBRT for which no prior approval is required. A Committee under the chairmanship of Secretary, Department of Industrial Policy and Promotion, with representatives from NITI Aayog, concerned Administrative Ministries and independent technical experts on the subject, examine the claim of applicants on the issue o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... f the products being in the nature of state-of-art and cutting-edge technology, where local sourcing is not possible and gives recommendations for such relaxation. However, no FDI application has been granted waiver from local sourcing norms on the basis of state-of-art or cutting-edge technology till now. Foreign Investment in Single Brand product retail trading is aimed at attracting investme .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nts in production and marketing, improving the availability of such goods for the consumer, encouraging increased sourcing of goods from India, and enhancing competitiveness of Indian enterprises through access to global designs, technologies and management practices. This information was given by the Minister of State of Commerce and Industry, C. R. Chaudhary, in a written reply in the Rajya S .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... abha today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates