FDI In Retail

  • Nirmala Sitharaman says no to FDI in multibrand retail May 27, 2014

    New Delhi: Reaffirming BJP's stand on FDI in multibrand retail, new Commerce and Industry Minister Nirmala Sitharaman on Tuesday indicated that foreign players will not be allowed to open mega stores in the country as it may adversely impact the small traders and farmers. "At this stage the party...
  • BJP's manifesto: Does it signal emergence of a new BJP under Modi? April 7, 2014

    The Bharatiya Janata Party raleased its 2014 election manifesto on April 7, the day voting began for the 16th Lok Sabha. The BJP manifesto pledges 'Ek Bharat, Shreshta Bharat - Sabka Saath Sabka Vikas' (One India, Best India - Unity and Development for everyone). ...
  • India Inc wants BJP to reconsider stand on FDI in retail April 7, 2014

    New Delhi: Dismayed by the BJP's decision to say no to FDI in multi-brand retail in its election manifesto, India Inc has urged the party to reconsider its stand, saying the move may send a wrong signal to overseas investors. However, industry bodies have welcomed other promises made in the manifesto...
  • BJP manifesto: Strong growth, zero tolerance on terror, Ram Temple April 7, 2014

    New Delhi: New Delhi: Promising to usher in an era of strong economic growth, job creation, tackling the corruption menace, zero tolerance on terrorism and a strong foreign policy, the Bharatiya Janata Party released its manifesto for the 2014 Lok Sabha elections on Monday, the day the first phase of...
  • Hennes & Mauritz to open first store in India in 2014 February 12, 2014

    Hennes & Mauritz will open its first store in India this year, it said on Wednesday, as the world's secondbiggest fashion retailer becomes the latest to take advantage of the opening of Asia's thirdlargest economy to foreign operators. Hamp;amp;M, which said last year it plans to spend around 100 million euros...
  • AAP's decision disallowing FDI in retail irresponsible: Anand Sharma January 14, 2014

    New Delhi: Terming the Delhi government's decision to disallow FDI in multibrand retailing as "abrupt, irresponsible and illconsidered," Commerce and Industry Minister Anand Sharma on Tuesday said India is not a banana republic where policy decisions can be reversed. The ministry, he said, will examine the communication of the newly...
  • India Inc flays Kejriwal's decision to withdraw retail FDI from Delhi February 11, 2014

    New Delhi: The Delhi government's decision to withdraw permission for FDI in retail from the city state is drawing flak from India Incorporate. The Arvind Kejriwal led government is in talks with the Department of Industrial Policy and Promotion over the issue. India Incorporate has expressed strong displeasure over...
  • Delhi government withdraws permission for FDI retail stores February 11, 2014

    New Delhi: In a major move, the Arvind Kejriwal government in Delhi has written to the Department of Industrial Policy and Promotion (DIPP) on not allowing FDI funded stores in Delhi. With this, Delhi has become the first state to withdraw permission for FDI funded retail stores. The previous Delhi government...
  • Govt was forced to relax FDI norms as no investment was coming: Anand Sharma August 3, 2013

    New Delhi: Justifying UPA's decision to relax investment norms in multibrand retail and to raise FDI caps in several sectors, Commerce Minister Anand Sharma said that investors were not forthcoming. In an exclusive interview to CNNIBN, the Congress leader said that his party is not worried that this move may have...
  • Govt relaxes FDI norms in several sectors to boost sagging economy August 1, 2013

    New Delhi: Opening the floodgates to overseas investors, the government on Thursday relaxed investment norms in multibrand retail and raised FDI caps in several sectors while making it 100 per cent in telecom. The Cabinet headed by Prime Minister Manmohan Singh diluted the mandatory 30 per cent local sourcing norms...
  • The Last Word: Can the govt's attempt to attract FDI succeed or is it a forlorn hope? July 17, 2013

    In big ticket reforms push, the government on Tuesday decided to hike foreign direct investment (FDI) in 13 sectors, including 100 per cent in telecom and higher caps in insurance and defence sectors, to boost the sagging economy. Karan Thapar asks a panel of experts whether the government's attempt to...
  • Government hikes FDI in 13 sectors July 17, 2013

    The government on Tuesday decided to hike foreign direct investment (FDI) in 13 sectors, including 100 per cent in telecom and higher caps in insurance and defence sectors, to boost the sagging economy. ...
  • Govt hikes FDI in 13 sectors, blames Opposition for late decision July 17, 2013

    New Delhi: The government on Tuesday decided to hike Foreign Direct Investment (FDI) in 13 sectors, including 100 per cent in telecom and higher caps in insurance and defence sectors, to boost the sagging economy. The government's effort to woo investors seems to have come too late as the rupee...
  • India @ 9 with Rajdeep Sardesai July 16, 2013

    Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
  • Government hikes FDI in 13 sectors, clears 100 per cent FDI in telecom July 16, 2013

    New Delhi: In bigticket reforms push, the government on Tuesday decided to hike foreign direct investment (FDI) in 13 sectors, including 100 per cent in telecom and higher caps in insurance and defence sectors, to boost the sagging economy. However, the highlevel meeting chaired by Prime Minister Manmohan Singh did not...
  • Highlights of key changes in FDI in various sectors July 16, 2013

    New Delhi: Following decisions on FDI limits were taken at a meeting chaired by Prime Minister Manmohan Singh. FDI cap in telecom raised to 100 pc from 74 pc; up to 49 pc through automatic route and beyond via FIPB No change in 49 pc FDI limit in civil aviation...
  • News 360: Govt clears 100 per cent FDI in telecom, say sources July 17, 2013

    In bigticket reforms push, the government on Tuesday decided to hike foreign direct investment (FDI) in 13 sectors....
  • PM meets senior ministers to discuss increasing FDI limits July 16, 2013

    New Delhi: A day after RBI hiked bank rates, Prime Minister Manmohan Singh on Tuesday meet senior Cabinet minister to discuss the proposal to increases foreign investment caps in sectors like telecom, retail and defence. The government is firefighting to steady the economy with the slipping rupee, falling industrial output...
  • Walmart lobbying inquiry inconclusive; fresh probe likely June 30, 2013

    New Delhi: Walmart may face a fresh probe into its lobbying activities for entering India, after issues raised by a oneman inquiry committee, set up by the government earlier this year to look into this matter, were stonewalled by the global retailer. The inquiry conducted by the panel remained inconclusive...
  • New FDI rules a setback for foreign, local retailers June 8, 2013

    Mumbai: New rules requiring foreign supermarkets to set up their own warehouses and stores in India are likely to further delay the entry of companies like Walmart Stores Inc, increase costs and hurt cashstrapped local retailers eager to partner with foreign companies. India allowed foreign chains to enter the country to...
  • Cabinet clarifies retail FDI norms, bans franchisee route June 6, 2013

    New Delhi: In response to the DIPP's plea for clarity on FDI policy in multibrand retail (MBR), the Cabinet issued clarifications which allow only 30per cent sourcing for frontend stores and forbid the MBR entity from conducting any other form of distribution. The sourcing conditions are only for manufactured storeproducts and...
  • Govt clears 8 FDI proposals worth Rs 696 crore May 31, 2013

    New Delhi: The government on Friday said it has approved eight FDI proposals worth Rs 696 crore, including those of ACME Solar Energy, GETIT Infoservices and McKinsey & Company. The Foreign Investment Promotion Board (FIPB) cleared the proposal of ACME Solar Energy to bring in foreign investment worth Rs 275 crore,...
  • Walmart lobbying case 'closed' due to lack of evidence: Sources May 19, 2013

    New Delhi: Investigation into whether US giant Walmart may have bribed Indian officials to gain wider access to the country's vast market has been closed due to lack of evidence, sources said on Sunday. Corporate Affairs Ministry has confirmed and said no evidence of lobbying was found. The oneman committee of...
  • Govt's role must be of facilitator in land acquisition: Modi April 8, 2013

    New Delhi: Talking about economic reforms, Gujarat Chief Minister Narendra Modi on Monday came out strongly in support of privatisation while addressing the first Think India Dialogue of Network18. Modi, however, opposed FDI in retail and defence, but backs foreign investment in other sectors and said government's role must be...
  • Delhi: Several markets to remain closed today March 7, 2013

    New Delhi: Most markets in Delhi will remain closed on Thursday. The Confederation of All India Traders (CAIT) have called for a 'Delhi trade bandh' to protest against FDI in retail. A rally will be held at Ramlila Grounds too later in the day. Most markets in the national capital will...
  • Economic Survey likely to focus on accelerating growth February 27, 2013

    New Delhi: A day before the Budget, Finance Minister P Chidambaram will table the Economic Survey 2012-13 in Parliament on Wednesday. The main focus of the survey is likely to be on accelerating economic growth. The Central Statistical Organisation estimates project a 5 per cent growth this year, which is...
  • Finance Ministry to take up four FDI proposals today February 13, 2013

    New Delhi: The Finance Ministry on Wednesday will consider four FDI proposals in single brand retailing, including that of Decathlon and Fossil Inc, worth Rs 750 crore. Proposals of French fashion brand Promod, crockery maker Le Creuset and sports giant Decathlon along with that of US-based accessories firm Fossil Inc...
  • Studying India's conditions on FDI: Walmart January 24, 2013

    Davos: US-based global retail giant Walmart on Thursday said it is studying the conditions related to India's allowing foreign direct investment in multi-brand retail before making the final announcement on its entry plans. Walmart International CEO Doug McMillon met Commerce and Industry Anand Sharma on the sidelines of the annual...
  • Is FDI in retail a political gimmick? SC to Centre January 22, 2013

    New Delhi: The Supreme Court on Tuesday pulled up Central Government on allowing foreign direct investment (FDI) in multi-brand retail. The apex court while hearing a PIL against FDI in multi-brand retail asked the government to explain its views on the impact of the policy on small traders. Asking the government...
  • Last word on FDI in retail has not been said: BJP January 12, 2013

    New Delhi: BJP on Friday said the last word has not yet been said on the FDI in multi-brand retail issue and the party would revisit the decision of the UPA government if it comes to power. Speaking at a programme in New Delhi, former Finance Minister and BJP MP Yashwant...