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FDI with conditions

Posted on 19 November 2011,    
 4560    Share  Report

 

The government is likely to allow global supermarkets such as Walmart, Tesco and Carrefour to set up deep discount stores in India, but with a few conditions.


The department of industrial policy and promotion has moved a formal proposal to allow up to 51% FDI in multi-brand retail and 100% in single-brand retail, which most ministries and departments have now agreed with.

 

According to the proposed policy, at least 50% of the total FDI should be in back-end infrastructure.

Large deep discount stores will be allowed to be set up only in cities with a population of more than 10 lakh and only in those states that allow FDI in multi-brand retail.

 



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