FDI into Trading Companies
This query is : Resolved
09 January 2008
MY question is about the maximum ceiling permitted for the FDI into companies involved into trading of General merchandise.
What abt the % of this FDI Ceiling and can it be raised by any special permission from the relevant ministry ?
What abt the % of this FDI Ceiling and can it be raised by any special permission from the relevant ministry ?
CA B.S.Sridhar
(Expert)
09 January 2008
FDI is permitted only incase of manufacture activities. FDI is not permitted in case of Retailing Business.
09 January 2008
If so then how companies like Spencer, Mart etc.. have come to india and are running retail business ?? There must a minimum ceiling in FDI qua foreign companies.
16 January 2008
I m still looking forward for the reply from any member here
Taranjit Singh
(Expert)
23 April 2009
Dear if your query is still pending then plz send me a PM.
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