No proposal under consideration to increase FDI in multi-brand retail: Goyal
PTI, Jul 11, 2019, 12:16 PM IST
New Delhi: There is no proposal under government’s consideration to increase foreign direct investment (FDI) in the multi-brand retail sector, the Parliament was informed Wednesday.
The information was given by the Commerce and Industry Minister Piyush Goyal in a written reply to the Lok Sabha.
“There is no proposal under consideration of the Government to increase FDI in multi brand retail sector in the country,” he said.
India has received a FDI proposal in the sector from one foreign company of UK, he said.
According to the FDI policy, a foreign retailer can take 51 per cent stake in a domestic firm under government approval route.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
India records 15,388 fresh cases of COVID-19, 77 more fatalities
‘I am not sure what he has got’: Randhir Kapoor on nephew Ranbir Kapoor’s health condition
India must prepare for borderless war: Rahul
Related Articles More
Talbros Automotive bags orders worth Rs 304 cr
Venture Capital Fund of Rs 100 cr proposed in budget; Invest Karnataka to be held this year
Govt to amend telecom licence norms to control sourcing from China, non-friendly destinations
New mineral policy for 2021-26 on the anvil says CM BSY
K’taka Budget 2021: Further developemnt of coastal tourism; new aquarium to be built