No proposal on FDI in multi-brand retail received so far

FDI retail

Government today said it has not received any proposal related to foreign direct investment in multi-brand retail so far.

"No proposal has been received for FDI in multi-brand retail," Consumer Affairs, Food and Public Distribution Minister K V Thomas said in a written reply to the Lok Sabha.

The government has permitted FDI up to 51 per cent in the multi-brand retail trading last year.

He also said that since 2006, 66 proposals, including that of GAS, Diesel Fashion, Hallmark Group, Nokia Corporation, Pavers and Damiani, in the single brand retail have been approved by the government.

He added that the government has received 12 proposals including Tommy Hillfiger and Ingka Holdings over which it has not taken a decision.

Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.