India: Government Clarifies Provisions for Multi-Brand Retail Investment
Report Highlights:
On June 6, 2013, the Ministry of Commerce and Industry issued answers to queries from prospective investors related to foreign-direct investment in multi-brand retail. The Government of India approved 51 percent foreign direct investment in multi-brand retail in September 2012 subject to certain
restrictions. Thus far, no foreign retailers have sought approval to invest in the retail food sector and these clarifications add an additional set of restrictions to the investment process.
