Press Information Bureau

Government of India

Ministry of Commerce & Industry

08-August-2012 15:09 IST

Consensus of States Over FDI in Multi Brand Retail Trade

The Department of Industrial Policy & promotion, Government of India, wrote to all the State Governments on 19.6.2012. Till date, written communications, indicating support for FDI in multi-brand retail trade, have been received from the Governments of NCT of Delhi, Manipur, and from the Union Territory of Daman & Diu and Dadra and Nagar Haveli.

As per extant policy, FDI, up to 100%, is permitted, with prior Government approval, for single brand product retail trading. FDI is not permitted in Multi Brand Retail Data relating to single brand retain trade operations in the States is not centrally maintained.

This information was given by the Minister of State for Commerce and Industry, Shri Jyotiraditya M. Scindia in a written reply in the Rajya Sabha today.

DS/GK

Foreign direct investment in multi brand retail: limited state support while central policy continues to restrict permission. Written support for opening foreign direct investment in multi brand retail has been received from the NCT of Delhi, Manipur, Daman & Diu and Dadra and Nagar Haveli; current policy permits FDI with prior government approval for single brand retail but does not permit FDI in multi brand retail, and data on single brand retail operations is not centrally maintained.