FDI in Single-Brand Retail Trading now permitted under government route, subject to Press Note conditionalities and FEMA compliance. Foreign direct investment in Single Brand Retail Trading is permitted up to full foreign ownership under the Government route, subject to the terms and conditions of Press Note No. 1 (2012 Series) and the Foreign Exchange Management Regulations, 2000. Authorised Dealer Category I banks are to notify customers; amendments to FEMA will be notified separately. The circular is issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.
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FDI in Single-Brand Retail Trading now permitted under government route, subject to Press Note conditionalities and FEMA compliance.
Foreign direct investment in Single Brand Retail Trading is permitted up to full foreign ownership under the Government route, subject to the terms and conditions of Press Note No. 1 (2012 Series) and the Foreign Exchange Management Regulations, 2000. Authorised Dealer Category I banks are to notify customers; amendments to FEMA will be notified separately. The circular is issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.
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