India Allows Foreign Direct Investment In Multi Brand Retail To Increase To 51%.

2011/12/9 11:31:00 26

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The government of India decided the decision made by the cabinet earlier. foreign country Direct investment (FDI), a multi brand retailer, holds 51% of the shares, aiming at securing peace with the opposition and the allies who have disrupted the parliamentary legal process on this issue.

However, the government will support the cabinet decision in November 24th to increase the proportion of foreign investment in India's single brand retailing from 51% to 100%. This will be known for those keen to enter the India market. clothing Single Brand Company offer help, such as Hennes and Mauritz (Sweden), GAP (USA), Prada (Italy), Arcadia group (UK).

Some global single brand businesses have entered the India market through cooperation with local partners. These businesses include clothing brands, such as Dior (France), Marsha general store (UK), Kenani Canali (Italy), ZARA (Spain), Louis Weedon (France) and Jimmy Choo (UK). 30% of these enterprises are from small businesses, and they can raise foreign equity to more than 51%.

According to the latest decision, 30% of small business purchases will also apply to new single brand retailers with more than 51% stake in India.

At the same time, the government has not announced any reconsideration and permission. foreign country Direct investment multi brand retail holding 51% determines the specific date. The proposed foreign direct investment in foreign countries has strict conditions, including more than $100 million, of which 50% needs to invest in the back-end infrastructure.

However, secret talks with opposition parties and other stakeholders may continue to reach a consensus decision. Some sectors of the industry have made recommendations to allow foreign direct investment in multi brand retail to account for 49%, rather than 51% earlier.

At present, foreign direct investment in cash shopping shops is allowed. The height is 100%, foreign direct investment is not allowed to enter multi brand retail.