The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, provided its approval to a number of amendments to be made to the FDI Policy. From a Press Release issued on January 10, 2018, ('Press Release') we understand that Government approval will no longer be required for 100% FDI in Single Brand Retail Trading ('SBRT'). The extant FDI Policy 2017 mandates that Government approval will be required for exceeding 49% FDI in SBRT, as per the Press Release, this will no longer be required.
A Very Happy New for Single Brand Retail And Air India: Union Cabinet Gifts Relaxation in FDI Norms
Updated: Jan 18
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