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Delhi govt withdraws permission for FDI-funded retail stores

Delhi has become the first state to withdraw permission for FDI-funded retail stores.



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.

From Zee News

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