Foreign direct investment in single-brand retail allowed with prior government approval subject to branded-manufactured products and specified product lists. FDI up to 51% is permitted in retail trade of single-brand products conditional on sale under the same international brand and branding at manufacture; prior government approval is required via an application to the Secretariat for Industrial Assistance specifying product categories, and any additions to the approved list require fresh approval, with departmental processing to verify compliance before FIPB consideration.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Foreign direct investment in single-brand retail allowed with prior government approval subject to branded-manufactured products and specified product lists.
FDI up to 51% is permitted in retail trade of single-brand products conditional on sale under the same international brand and branding at manufacture; prior government approval is required via an application to the Secretariat for Industrial Assistance specifying product categories, and any additions to the approved list require fresh approval, with departmental processing to verify compliance before FIPB consideration.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
