No decision on FDI in multi-brand retail trading: Govt

Tags: Retail
The government today said it has not taken any decision on permitting Foreign Direct Investment in multi-brand retail trading.

"As per the extant FDI policy, FDI up to 100 per cent is permitted in single brand retail trading. 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 trading. When the UPA-led government announced the policy, BJP had strongly opposed.

Sitharaman, after assuming the office, had indicated that foreign players will not be allowed to open mega stores in the country, saying that FDI in multi-brand retail trade will adversely impact small traders and farmers.

There have been speculations however that the government would not roll back the policy and leave it to the states to implement it.

Till now, British retail major Tesco's plan has been approved by the previous government to enter the sector.

Replying to another question on FDI in e-commerce, the minister said that during April 2000 and April 2014, India has received $37.1 million FDI in the sector.

"As per extant FDI policy, FDI up to 100 per cent under the automatic route is permitted in B2B e-commerce activities. the present policy does not permit retail trading in any form, by means of e-commerce, for companies with FDI engaged in the activity of single/multi brand retail trading," she said.


  • The govt's objective to make air travel more accessible, is welcome

    The feel good factor is bound to percolate down the line to the ‘aam admi’ looking for ‘achche din’, in case the regional air connectivity sch


Stay informed on our latest news!


Urs Schoettli

Just how useful are summits?

In the age of globalisation international summits play an increasingly ...

Zehra Naqvi

Of absolute truth & relative perception

Is there such a thing as absolute truth? Look around ...

Shona Adhikari

When art meets the artful

This week’s art news focuses on vastly different themes and ...