Fdi In Retail

  • India Inc wants BJP to reconsider stand on FDI in retail 07-04-2014 06:16 PM

    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...
  • BJP manifesto: Strong growth, zero tolerance on terror, Ram Temple 07-04-2014 10:34 AM

    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 12-02-2014 02:25 PM

    Hennes & Mauritz will open its first store in India this year, it said on Wednesday, as the world's second-biggest fashion retailer becomes the latest to take advantage of the opening of Asia's third-largest economy to foreign operators. H~~amp;amp;M, which said last year it plans to spend around 100 million...
  • AAP's decision disallowing FDI in retail irresponsible: Anand Sharma 14-01-2014 02:05 PM

    New Delhi: Terming the Delhi government's decision to disallow FDI in multi-brand retailing as "abrupt, irresponsible and ill-considered," 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 14-01-2014 07:48 AM

    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 the...
  • Delhi government withdraws permission for FDI retail stores 13-01-2014 03:31 PM

    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...
  • Govt was forced to relax FDI norms as no investment was coming: Anand Sharma 03-08-2013 07:38 AM

    New Delhi: Justifying UPA's decision to relax investment norms in multi-brand retail and to raise FDI caps in several sectors, Commerce Minister Anand Sharma said that investors were not forthcoming. In an exclusive interview to CNN-IBN, the Congress leader said that his party is not worried that this move may...
  • Govt relaxes FDI norms in several sectors to boost sagging economy 01-08-2013 08:59 PM

    New Delhi: Opening the floodgates to overseas investors, the government on Thursday relaxed investment norms in multi-brand 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...
  • Govt hikes FDI in 13 sectors, blames Opposition for late decision 17-07-2013 08:21 AM

    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...
  • Government hikes FDI in 13 sectors, clears 100 per cent FDI in telecom 16-07-2013 10:33 PM

    New Delhi: 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. However, the high-level meeting chaired by Prime Minister Manmohan Singh did...
  • Highlights of key changes in FDI in various sectors 16-07-2013 10:19 PM

    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...
  • PM meets senior ministers to discuss increasing FDI limits 16-07-2013 06:39 PM

    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...
  • Walmart lobbying inquiry inconclusive; fresh probe likely 30-06-2013 12:22 PM

    New Delhi: Walmart may face a fresh probe into its lobbying activities for entering India, after issues raised by a one-man 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 08-06-2013 09:59 AM

    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 cash-strapped local retailers eager to partner with foreign companies. India allowed foreign chains to enter the country...
  • Cabinet clarifies retail FDI norms, bans franchisee route 06-06-2013 10:45 PM

    New Delhi: In response to the DIPP's plea for clarity on FDI policy in multi-brand retail (MBR), the Cabinet issued clarifications which allow only 30-per cent sourcing for front-end stores and forbid the MBR entity from conducting any other form of distribution. The sourcing conditions are only for manufactured store-products...
  • Govt clears 8 FDI proposals worth Rs 696 crore 31-05-2013 07:26 PM

    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...
  • Walmart lobbying case 'closed' due to lack of evidence: Sources 19-05-2013 05:59 PM

    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 one-man committee...
  • Govt's role must be of facilitator in land acquisition: Modi 08-04-2013 07:49 PM

    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...