SINGLE BRAND RETAIL

  • 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 USbased accessories firm Fossil Inc...
  • Finance Ministry to decide on IKEA's FDI proposal November 19, 2012

    New Delhi: The Finance Ministry is likely to take a decision on Swedish furniture major IKEA's Rs 10,500crore investment plan on Tuesday, the largest FDI proposal in singlebrand retail so far. IKEA's proposal to set up 25 stores in India is listed on the agenda of Foreign Investment Promotion Board (FIPB),...
  • Amendments: FDI in singlebrand product retail trading September 14, 2012

    New Delhi: The Cabinet has approved the proposal of the Department of Industrial Policy and Promotion for amendment of the existing policy on Foreign Direct Investment in SingleBrand Product Retail Trading. Here is the full text of the decision: Government had permitted FDI, up to 100 per cent, in single brand product...
  • Sweden's IKEA to invest $756 million in India June 22, 2012

    New Delhi: Sweden's IKEA, the world's largest furniture maker, will invest 600 million euros in the Indian retail market, a trade ministry official said on Friday. IKEA Chief Executive Mikael Ohlsson met Indian Trade Minister Anand Sharma in St Petersburg, Russia, to discuss the investment. The official said the company had...
  • RBI notifies change in singlebrand retail in FDI January 14, 2012

    Mumbai: The Reserve Bank of India (RBI) on Friday operationalised the change in FDI policy by removing restrictions on foreign investment limit in singlebrand retail. "...it has now been decided that FDI up to 100 per cent would be permitted in singlebrand product trading under the government route..., the RBI said...
  • Restrictions on FDI in singlebrand retail lifted January 11, 2012

    New Delhi/Mumbai: India formally eliminated restrictions on foreign investment in its singlebrand retail sector on Tuesday, opening the door to the likes of Swedish furniture giant IKEA to open stores in Asia's thirdlargest economy. Foreign retailers that want to invest beyond the previous cap of 51 per cent ownership will need...
  • Govt notifies 100 pc FDI in single brand retail January 10, 2012

    New Delhi: India on Tuesday allowed 100 percent foreign equity in single brand retail, notifying the norms that, among other things, said all wholly owned international brands will need to source 30 percent of their requirements locally. The government justified the move, saying that foreign direct investment (FDI) in single brand...
  • Corporate America hails FDI reforms in India November 25, 2011

    Washington: Corporate America on Thursday welcomed the bold move of the Indian Cabinet to permit foreign direct investment in multibrand retail and remove the cap on FDI in singlebrand business, noting that it would help bring down inflation and create thousands of jobs. "The singular act of opening the multibrand retail...
  • FDI a game changer for the retail market November 25, 2011

    New Delhi: The Manmohan Singh government has bitten the bullet, opening up India's retail sector to foreign investment. It is a bold policy move and a game changer for the retail market. Brands such as WalMart, Tesco and Carrefour can now enter and tap the nearly 600 billiondollar Indian retail market....
  • FDI clearance UPA's big image saving move? November 25, 2011

    New Delhi: The Union Cabinet gave its nod for foreign funds in retail on Thursday, a move that the beleaguered UPA hopes will help salvage its image. It's also the government's first big policy initiative that sends a clear message to dissenting allies like TMC chief Mamata Banerjee as to...
  • Union Cabinet clears FDI in retail sector November 24, 2011

    New Delhi: The Union Cabinet on Thursday cleared 50 per cent foreign direct investment (FDI) in multibrand retail and 100 per cent FDI in single brand retail despite division within the UPA on the issue. The Bharatiya Janata Party (BJP), the Left, UPA ally Trinamool Congress along with some Cabinet ministers...
  • 100 pc, 51 pc, 24 pc? FinMin okays FDI in retail November 17, 2011

    New Delhi: The Union Finance Ministry has given its approval to the Cabinet note on Foreign Direct Investment (FDI) in retail. The note seeks allowing 51 per cent FDI in multibrand retail. It is a highly controversial move opposed by the Left parties. The Finance Ministry has given its consent to the...
  • Govt may remove FDI cap on singlebrand retail October 3, 2011

    New Delhi: India is considering opening fully its singlebrand retail sector to foreign direct investments. The announcement was made on Monday by the Industry Secretary, R P Singh. The step is being seen as a possible boon to the government's reform programme, which has appeared on the backburner. India currently allows 51 per...