Centre bullish on FDI in multi-brand retailing
By reopening the case regarding FDI in multi-brand retailing
July 07, 2010 | comments ( 0 ) |
By reopening the case regarding FDI in multi-brand retailing, government has shown itsinterest to take the case forward with caution.
Looking forward for the benefits of FDI in the back-end infrastructure, the governmentis sanguine to open its gates for the multi-brand retail sector. Currently, there is noprovision of FDI in multi-brand; 51 per cent is allowed for single retail brand and 100 percent in wholesale trade.
Some companies that are likely to benefit from this decision are Pantaloons Retail,Provogue, Shoppers Stop, and Trent. Also, the various companies which can divert theirroutes to India include Metro from Germany, Wal-Mart, and Best Buy etc.
The likely course of action by the government is allowing FDI in consumer electronicsand sports goods retail in the first phase. In the second phase, the percentage of FDI mayincrease from 51 per cent to 100 per cent in single brand. After assessing this calibratedapproach, the government would take a step further allowing FDI in the multi-brandretailing.
- TBZ-The Original forays into Bengaluru
- Fabindia launches its flagship Experience Center in Delhi
- Reliance Retail & Jio to jointly launch new e-commerce platform
- CCI gives nod to Samara Capital-Amazon's joint bid to buy More
- SoftBank eyes 40% stake in FirstCry for $400 million
- Vivo India launches 'Vivo Xchange' program in partnership with Cashify.in
- Milkbasket expands operations to Bengaluru
- Manyavar launches another store in Punjab
- Ola raises Rs 150 crore from Flipkart's Co-Founder Sachin Bansal
- Ananth Narayanan steps down as Myntra Jabong CEO