The Cabinet has approved the proposal of the Department of Industrial Policy Promotion for amendment of the existing policy on Foreign Direct Investment in Single-Brand Product Retail Trading.
Vide Press Note 1(2012 Series) dated 10.1. 2012, Government had permitted FDI, up to 100%, in single brand product retail trading, subject to specified conditions, including, interalia, the conditions that:
(i) The foreign investor should be the owner of the brand.
(ii) In respect o
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