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of <h1>India Updates FDI Policy: Karnataka Joins States Allowing 51% Foreign Investment in Multi-Brand Retail Sector.</h1> The Government of India has amended the policy on foreign direct investment (FDI) in the multi-brand retail trading sector, allowing up to 51% FDI under the government approval route. Previously, a list of states and Union Territories had agreed to implement this policy as per Circular 1 of 2013. The amendment now includes Karnataka in this list, joining Andhra Pradesh, Assam, Delhi, Haryana, Himachal Pradesh, Jammu & Kashmir, Maharashtra, Manipur, Rajasthan, Uttarakhand, and the Union Territories of Daman & Diu and Dadra and Nagar Haveli. This decision is effective immediately.
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