As per the current policy, 51 per cent FDI is permitted in multi-brand retail
Union minister Niramala Sitaraman interacts with the students and the women at the ABVP's state-level meet in Vijayawada on Friday. She adopted two coastal villages in Narasapuram parliamentary constituency Pedamainavanilanka and Toorputallu under
New Delhi: The government on Friday said it has not taken any decision on permitting FDI in multi-brand retail trading.
“As per the extant policy, foreign direct investment up to 100 per cent is permitted in single brand retail while no decision on FDI in multi-brand retail trading has been taken,” commerce and industry minister Nirmala Sitharaman said in a written reply to the Lok Sabha.
As per the current policy, 51 per cent FDI is permitted in multi-brand retail. Ms Sitharaman, after assuming the office had said that FDI in multi-brand retail will adversely impact small traders and farmers.
( Source : PTI )
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