Kamal Nath says no plan to ease FDI norms in retail sector
Commerce
and Industry Minister Kamal Nath today, 31 July 2008, said there is no
plan at the moment to ease foreign direct investment (FDI) norms in
retail sector. As per the current FDI norms in the retail sector,
single-brand foreign retailers are allowed to take up to 51% in a
venture with an Indian firm, while multi-brand retailers are limited to
franchise or licence operations.
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