Review of the policy on foreign direct investment in the Multi Brand Retail Trading Sector- amendment of paragraph 6.2.16.5(2) of 'Circular 1 of 2013-Consolidated FDI Policy'

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....eview of the policy on foreign direct investment in the Multi Brand Retail Trading Sector- amendment of paragraph 6.2.16.5(2) of 'Circular 1 of 2013-Consolidated FDI Policy' <br>News and Press Release<br>Dated:- 4-6-2013<br><BR>Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Press Note No. 1 (2013 Series) Subject: Review of the policy on foreign ....

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....direct investment in the Multi Brand Retail Trading Sector- amendment of paragraph 6.2.16.5(2) of 'Circular 1 of 2013-Consolidated FDI Policy' 1.0 Present Position: 1.1 As per paragraph 6.2.16.5 of `Circular 1 of 2013- Consolidated FD1 Policy', effective from 5.4.2013, FDI, up to 51%, under the government approval route, is permitted in the multi-brand retail trading sector, subject to specified....

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.... conditions. 1.2 The list of States/Union Territories which have conveyed their agreement for the policy in Multi-brand retail trading is contained in Paragraph 6.2.16.5 (2) of the said Circular, as under: 6.2.16.5 (2) LIST OF STATES/ UNION TERRITORIES AS MENTIONED IN PARAGRAPH 6.2.16.5(1)(viii) 1. Andhra Pradesh 2. Assam 3. Delhi 4. Haryana 5. Jammu & Kashmir 6. Maharashtra 7. Manipur 8....

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..... Rajasthan 9. Uttarakhand 10. Daman & Diu and Dadra and Nagar Haveli (Union Territories) 2.0 Revised Position: 2.1 The Government of Himachal Pradesh has given its consent to implement the policy on multi-brand retail trading in Himachal Pradesh in terms of paragraph 6.2.16.5 (1) (viii). The list of States/ Union Territories as at paragraph 6.2.16.5 (2) therefore, is amended to read as below:....

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.... S.No. Sector/ Activity % of FDI Cap/ Equity Entry route 6.2.16.5 Multi Brand Retail Trading 51% Government (1) FDI in&hellip; (2) LIST OF STATES/ UNION TERRITORIES AS MENTIONED IN PARAGRAPH 6.2.16.5(1)(viii) 1. Andhra Pradesh 2. Assam 3. Delhi 4. Haryana 5. Himachal Pradesh 6. Jammu & Kashmir 7. Maharashtra 8. Manipur 9. Rajasthan 10. Uttarakhand 11. Daman & Diu and Dadra an....

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....d Nagar Haveli (Union Territories) 3.0 The above decision will take immediate effect. (D.V. Pasad) Joint Secretary to the Government of India D/o IPP File No.: No. 5/12/2010-FC.I dated: 3 June, 2013 Copy forwarded to: 1. Press Information Officer, Press Information Bureau- forgiving necessary publicity. 2. BE Section in the Department of Industrial Policy and Promotion-for uploading the P....

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....ress Note on DIPP's website. 3. Hindi Division, DIPP for providing Hindi version.<BR> News - Press release - PIB....