This ad will auto close in 10 seconds

Relaxing FDI norms to spur investments in country: Das

Finance Ministry on Tuesday said the relaxation of FDI norms in as many as 15 sectors by the government will help open floodgates of investment in the country.

No change in stand on retail FDI, says Commerce Minister

Traders body CAIT has also criticised the central government for retaining the retail FDI policy.

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

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

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

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.

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

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

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.

Sourcing norm should not be a problem for IKEA: Sharma

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.

Sourcing clause on single brand retail well thought-out: Sharma

The government on Wednesday virtually ruled out revisiting the condition on sourcing in the proposed 100 percent FDI in single-brand retail, stating that the decision on 30 percent mandatory procurement from the domestic small enterprises is well thought-out.

India Inc welcomes 100% in single-brand retail

FICCI too expressed its satisfaction on the development.

Govt to go ahead with 100% FDI in single-brand retail: Sharma

The government Tuesday said it will go ahead with its decision to allow 100 percent foreign direct investment (FDI) in single-brand retail.

Retail FDI will benefit all: CII

Terming the decision to invite foreign direct investment (FDI) into the retail sector as a major reform measure, leading industry body CII on Monday said it will greatly improve investment sentiment.

Organised retailing win win for consumers, kirana: PwC

Indian organised retailing which is growing by an annual 20 percent, will not only help consumers but also the small kirana stores, research and consultancy firm PwC said on Monday.

Global firms may face hurdle in 28 of 53 cities opened for FDI

With BJP, JD(U), AIADMK, BSP and Trinamool Congress strongly opposing FDI in multi-brand retail, global chains may face problems in opening stores in 28 of the 53 cities which have been thrown open to retailers like Walmart and Carrefour.

Walmart and Tesco may face hurdles in 28 cities

Global chains like Walmart, Carrefour and Tesco may face problems in opening stores in over half of the 53 cities eligible for FDI in multi-brand retail.

Spencer's open for FDI with minority stake

The RP-Sanjiv Goenka group has expressed interest in joining hands with a foreign retail major once FDI in multi-brand is in place, but said it would retain a controlling stake in the retail venture.

RBI hopes FDI in retail will reduce inflation

The Reserve Bank on Friday expressed the hope that foreign direct investment in multi-brand retail will help in bringing down inflation.

FDI in retail to create over 10 million jobs in 3 years: Govt

In the press conference, Sharma mentioned, allowing FDI in the multi and single brand retail with greater proportion will address the woes of the farmers and generate employment for rural India.

Govt considering to raise FDI cap in single-brand retail

Government is "seriously" considering to raise the 51 percent cap in foreign direct investment (FDI) in single-brand retail business, Commerce and Industry Minister Anand Sharma said Tuesday.