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Govt considers FDI liberalisation in multi-brand retail
11 November 2010: The Union Government is considering the further liberalisation of FDI policy in multi-brand retail is under its consideration.
The existing policy allows 51 per cent FDI in single brand retail and 100 per cent in cash-and-carry stores, which cater only to bulk buyers and traders.
An inter-ministerial committee is examining the comments received on a discussion paper by the Department of Industrial Policy and Promotion (DIPP), nodal agency for FDI related matters.
Global majors like Walmart and Carrefour have evinced interest to enter in the sector.
Source: Economic Times