FDI into Trading Companies

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Fcarajesh (Querist)
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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 ?

CA B.S.Sridhar

CA B.S.Sridhar (Expert)
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09 January 2008 FDI is permitted only incase of manufacture activities. FDI is not permitted in case of Retailing Business.

Fcarajesh

Fcarajesh (Querist)
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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.

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Fcarajesh

Fcarajesh (Querist)
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16 January 2008 I m still looking forward for the reply from any member here