Cabinet likely to decide 51% FDI in multi-brand retail

NewsX 2019-03-01

Views 0

The Union Cabinet is likely to decide on allowing 51 per cent FDI in multi-brand retail trading, Also on its agenda is the proposal to raise FDI in single-brand retail to 100 per cent. At present, India allows 100 per cent FDI in cash-and-carry wholesale trade .Which are business-to-business sales. But FDI is not allowed in multi-brand retailing like Walmart, Carrefour and Tesco. The government approval for this would allow the entry of these companies into the 600 billion dollar industry.

Share This Video


Download

  
Report form