TaxTMI 
TaxTMI 
FDI in Retail Sector
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....DI in Retail Sector <br>News and Press Release<br>Dated:- 1-12-2010<br><BR>As per extant policy on Foreign Direct Investment (FDI) for the retail sector, FDI is permitted, up to 51%, only in Single Br....
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....and 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 ....
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....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 sin....
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....ce 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 writt....
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....en reply in the Rajya Sabha today.<BR> News - Press release - PIB....