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DIPP working out detail definition of 'single brand retail'

Last Updated: Thursday, June 06, 2013, 22:19

Government is in the process of coming out with a definition of 'single brand retail' to remove ambiguities, in the wake of issues arising out of retailing of sub-brands by global retailers like M&S and Zara.

Govt examining all possibility to raise FDI ceiling: Rajan

Last Updated: Friday, May 03, 2013, 15:15

Chief Economic Advisor Raghuram Rajan on Friday said the government is examining all possibility of raising foreign direct investment ceiling in various sectors to help increase inflows and prop up economic growth.

63 proposals approved for FDI in single-brand retail: Sharma

Last Updated: Friday, March 15, 2013, 20:33

Government has approved 63 proposals for FDI in single brand retail so far, Union Commerce Minister Anand Sharma said on Friday.

Govt clears three FDI proposals in single brand retail

Last Updated: Friday, October 19, 2012, 18:58

The proposals were cleared by the Foreign Investment Promotion Board (FIPB) headed by Economic Affairs Secretary Arvind Mayaram.

FDI in single-brand retail fails to gain momentum: Report

Last Updated: Wednesday, October 03, 2012, 19:32

Foreign investment in single-brand retail has failed to gain momentum despite hike in FDI limit to 100 percent from 51 percent earlier, property consultant Knight Frank said in a report.

IKEA needs to submit revised application for opening stores

Last Updated: Tuesday, September 18, 2012, 14:28

Swedish home furnishing major IKEA will have to revise its application and reapply to the government for opening stores in India after the relaxation of mandatory sourcing norms for FDI in single brand retail, an senior official said.

End of policy paralysis: Govt approves 51% FDI in multi-brand retail

Last Updated: Friday, September 14, 2012, 17:49

After battling stiff opposition, government Friday allowed 51 percent foreign investment in multi-brand retail but left it to the states to permit global retailers open stores.

IKEA not at the cost of domestic artisans: Govt

Last Updated: Tuesday, August 21, 2012, 18:09

Swedish furniture maker IKEA will not be permitted relaxation in rules for FDI in single-brand retail if it affects interest of the domestic small and tiny units, new Minister for MSME Vayalar Ravi, said on Tuesday.

63 foreign proposals approved in single brand retail: Govt

Last Updated: Tuesday, August 14, 2012, 18:44

The government has approved 63 proposals of foreign companies, including Louis Vuitton and Marks and Spencer, for retailing in single brand in the country so far.

FDI in retail: Govt to tweak MSME definition for IKEA investment

Last Updated: Saturday, August 04, 2012, 15:28

India on Saturday said it is working on revising the definition of small and medium enterprises to help them meet the MSME criteria while catering to foreign retail players.

Sourcing norm should not be a problem for IKEA: Sharma

Last Updated: Thursday, July 12, 2012, 19:55

The government will make "clarifications" in the policy for FDI in single-brand retail if needed but meeting the 30 percent sourcing norm should not be a problem for IKEA, Commerce and Industry Minister Anand Sharma on Thursday said.

IKEA entry will empower small units: Sharma

Last Updated: Wednesday, June 27, 2012, 17:31

The entry of retail giant IKEA will help empower small and medium enterprises further, while the government will continue to protect the interests of SMEs, Commerce and Industry Minister Anand Sharma said on Wednesday.