India Attracts $259 Million FDI In Single Brand-Retail


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.

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Source: PTI