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DIPP may seek clarity on FII in multibrand retail

According to sources, the Department of Industrial Policy and Promotion (DIPP) is also keen on removing the ambiguity regarding sourcing from SMEs after the three-year period when such a unit crossed the USD 1 million investment mark.
Delhi keen to attract FDI in multibrand retail

Delhi is keen to take the lead in attracting FDI in multibrand retail, with the city government today starting the process to ease certain norms for allowing direct purchase of produce from farmers by retailers.
Vishal Retail to tap foreign cos post govt nod to 51% FDI

RC Agarwal, chairman, Vishal Retail said, it would approach foreign retailers only when the final verdict on proposed 51% FDI in multi-brand retail comes in.
Locked sectors now open to FDI through indirect route: PwC

Aakash Gupt, Executive director of PwC tells CNBC-TV18 that this is the first time that the government has directed on applying the FDI principle for investment in Indian companies across the board, with insurance remaining the exception.

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