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    HomeNewsBusinessCompaniesGovt may remove FDI cap in single-brand retail: Secretary

    Govt may remove FDI cap in single-brand retail: Secretary

    India is considering opening fully its single-brand retail sector to foreign direct investors, raising the investment allowed to 100% from 51%, the industry secretary said on Monday.

    October 03, 2011 / 11:16 IST

    India is considering opening fully its single-brand retail sector to foreign direct investors, raising the investment allowed to 100% from 51%, the industry secretary said on Monday.


    "It is under consideration," RP Singh told Reuters by phone, declining to provide any time frame.


    India currently allows 51% foreign direct investment (FDI) in single-brand retailers and 100% in wholesale operations.

    The government has considered allowing foreign firms to invest in supermarkets, but lack of political consensus and concerns of small-shop owners have so far prevented the move.

    first published: Oct 3, 2011 10:40 am

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