Question : RULES FOR RETAIL TRADE



(a) whether the Government has framed any rules for regulating the retail trade being run by Multi National Companies (MNCs) and big industrial houses;

(b) if so, the details thereof and if not, reasons therefor;

(c) whether the Supreme Court has issued any directives to the Government for protecting the domestic unorganised retail industry from such MNCs/industrial houses and foreign investors;

(d) if so, the details thereof and the reaction of the Government thereto along with the steps taken thereon; and

(e) the total Foreign Direct Investment (FDI) received in retail sector during each of the last three years and the current year?

Answer given by the minister


THE MINISTER OF STATE FOR CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION (SHRI RAOSAHEB PATIL DANVE)

(a) & (b): Setting up of a retail trade is governed by Shops and Establishment Act administered by State Governments. As regards investment in retail trade by Multi-National companies, under the Foreign Direct Investment (FDI) policy, investment up to 100% is allowed in single brand retail. In the case of multi-brand retail, FDI up to 51% is allowed subject to approval of the state government concerned.

(c) & (d): No such information is available.

(e): The requisite information is given below :-

Details of FDI inflows in Single Brand Retail from April, 2010 to September, 2014 #

 Sl.	Year	FDI	FDIO in US$ million No.	(Apr-March)	(in Rs.crore) 1.	2010-11	118.80	26.27 2.	2011-12	150.43	31.70 3.	2012-13	121.22	22.31 4.	2013-14	69.07	11.30 5.	2014-15	1,013.90	167.52	(Apr-Sept.	2014)	Grand Total	1,473.41	259.09 Source: D/o IPP, M/o Commerce and Industry # Latest available 

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