As per extant policy on Foreign Direct Investment (FDI) for the retail sector, FDI is permitted, up to 51%, only in Single Brand product retailing, with prior Government approval and subject to the following conditions:-
(i) Products to be sold should be of 'Single Brand' only; (ii) Products should be sold under the same brand internationally; and (iii) 'Single Brand' product-retailing would cover only products which are branded during manufacturing. The Government has approved 59 cases of single brand retailing since in March 2006, when FDI was allowed in Single Brand Retail, until October, 2010.
This information was given by Shri Jyotiraditya M Scindia, Minister of State for Commerce and Industry, in a written reply in the Rajya Sabha today. Single Brand FDI cap requires prior government approval and adherence to branded manufacturing and international brand consistency. FDI in the retail sector is permitted only in Single Brand product retailing subject to prior government approval and conditions: products must be single brand, sold under the same brand internationally, and branded at manufacture; the Government has approved multiple single brand retail cases under this policy.
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.
Single Brand FDI cap requires prior government approval and adherence to branded manufacturing and international brand consistency.
FDI in the retail sector is permitted only in Single Brand product retailing subject to prior government approval and conditions: products must be single brand, sold under the same brand internationally, and branded at manufacture; the Government has approved multiple single brand retail cases under this policy.
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