India Attracts $259 Million FDI In Single Brand-Retail
By PTI
NEW DELHI: India has received $259 million foreign direct investment in the single brand-retail sector since April 2010, Parliament was informed.
Government permits 100 percent foreign direct investment (FDI) in single brand retail and 51 percent in multi-brand retail trading.
During April-September 2014, the country received $167.52 million FDI in single brand retail sector, Minister of State for Consumer Affairs, Food and Public Distribution Raosaheb Patil Danve said in a written reply to the Lok Sabha.
In the last financial year, the FDI was $ 11.30 million, the minister said.
"During April-September 2014, the country received $167.52 million FDI in single-brand retail sector," Minister of State for consumer affairs, food and public distribution, Raosaheb Patil Danve, said.
READ MORE: PSU Banks Write Off Over Rs.1.06 Trillion In Last Five Years and Prime Minister Narendra Modi To Brainstorm With Bankers On PSB Reforms On January 3
READ MORE: Govt Approves Ordinance To Raise FDI In Insurance To 49 Per Cent and Sensex Falls 195 Pts, Nifty Below 8,300-Mark On Poll Outcome
Don't Miss
