Government mulling over 100 % FDI in single brand retail

The Government may allow 100 per cent FDI through automatic route in single brand retail to attract a larger number of global players in the sector.

According to leading media sources, there is a proposal to allow 100 per cent Foreign Direct Investment in single brand retail sector “through automatic route” with certain conditions.

Currently, FDI up to 49 per cent is permitted under the automatic route but beyond that limit, Government’s nod is required. Foreign investment is allowed subject to certain conditions, which require products to be of a ‘single brand’ only and to be sold under the same brand globally.