(a) whether the Government has accorded permission for Foreign Direct Investment
(FDI) in retail sector;
(b) if so, the names of brands/products for which the proposals of FDI has been
received by the Government, so far; and
(c) the number of proposals sanctioned by the Government, so far?
THE MINISTER OF STATE (INDEPENDENT CHARGE)
FOR CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION
(PROF. K. V. THOMAS)
(a): The Government has accorded permission for Foreign Direct Investment (FDI)
upto 51%, subject to specified conditions, in single brand product retail trading vide
Department
of Industrial Policy and Promotion’s (DIPP) Press Note 3(2006 series) dated 10.02.2006.
FDI
upto 100% under the Government approval route, is permitted, subject to specified
conditions, in
single brand product retail trading vide DIPP’s Press Note 1(2012 series)
dated 10.01.2012. FDI
upto 51% under the Government approval route, is permitted, subject to specified
conditions in
multi brand product retail trading vide DIPP’s Press Note 5(2012 series) dated 20.09.2012 .
(b) & (c): No proposal has been received for FDI in multi brand retail trade so far. A
list of
approvals issued by DIPP for FDI in single brand retail trading from 2006 till date is
at
Annexure-A. A list of proposals received in DIPP for FDI in single brand retail trade on
which
no decision has been taken is at Annexure-B.