(a) whether it is a fact that various foreign institutions are functioning in the retail market of the country since the last few years;
(b) if so, the names of such foreign institutions functioning since January, 2012;
(c) the number of retail outlets set up by each of these institutions in the country; and
(d) the total annual turnover of these institutions at present in the country?
THE MINISTER OF STATE (INDEPENDENT CHARGE) FOR CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION
(PROF. K. V. THOMAS)
(a) & (b): As per extant policy, Foreign Direct Investment (FDI) is not permitted in retail
trade except in single Brand product retailing where Foreign Investment upto 100% is
permitted with prior Government approval and subject to specified conditions. As such under
the policy various foreign institutions are functioning in the retail market since last few years.
A list of approved proposals under Single Brand Retail Trade is annexed.
(c) & (d): Retail being a state subject, no data regarding setting up of outlets, turnover
etc. is maintained centrally.