Delhi govt withdraws permission for FDI-funded retail stores

Last Updated: Monday, January 13, 2014 - 16:49

Zee Media Bureau

New Delhi: The national capital territory on Monday became the first state to withdraw permission for FDI-funded retail stores.

The Arvind Kejriwal-led Delhi government has written a letter to to the Department of Industrial Policy and Promotion (DIPP) on not allowing FDI-funded stores.
It was Kejriwal`s predecessor Sheila Dikshit, who had okayed FDI in multi-brand retail in Delhi.

The states that allow FDI funded stores include Andhra Pradesh, Maharashtra and Karnataka.
Notably, Kejriwal had been opposed to FDI in retail and this was a major part of AAP`s election manifesto.

First Published: Monday, January 13, 2014 - 16:49
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