The government says it will soon notify 100 per cent foreign direct investment in single-brand retail. Secretary in the Department of Industrial Policy and Promotion (DIPP) P K Chaudhery said this in response of a question about issuance of notification of 100 per cent FDI in single-brand retail.
The decision to increase FDI in single brand retail was taken by the Cabinet on24th of November last year. Presently, for single brand retailers, 51 per cent FDI is permitted.
Source- News on Air