Follow Us :

Review of the policy on foreign direct investment in the Multi Brand Retail Trading Sector- amendment of paragraph 6.2.16.5(2) of ‘Circular 1 of 2013-Consolidated FDI Policy’

June 4, 2013

  Government of India

Ministry of Commerce & Industry

Department of Industrial Policy & Promotion

Press Note No. 1 (2013 Series)

Subject: Review of the policy on foreign direct investment in the Multi Brand Retail Trading Sector- amendment of paragraph 6.2.16.5(2) of ‘Circular 1 of 2013-Consolidated FDI Policy’

1.0  Present Position:

1.1  As per paragraph 6.2.16.5 of `Circular 1 of 2013- Consolidated FD1 Policy’, effective from 5.4.2013, FDI, up to 51%, under the government approval route, is permitted in the multi-brand retail trading sector, subject to specified conditions.

1.2  The list of States/Union Territories which have conveyed their agreement for the policy in Multi-brand retail trading is contained in Paragraph 6.2.16.5 (2) of the said Circular, as under:

6.2.16.5  (2) LIST OF STATES/ UNION TERRITORIES AS MENTIONED IN PARAGRAPH 6.2.16.5(1)(viii)

1. Andhra Pradesh

2. Assam

3. Delhi

4. Haryana

5. Jammu & Kashmir

6. Maharashtra

7. Manipur

8. Rajasthan

9. Uttarakhand

10. Daman & Diu and Dadra and Nagar Haveli (Union Territories)

2.0  Revised Position:

2.1  The Government of Himachal Pradesh has given its consent to implement the policy on multi-brand retail trading in Himachal Pradesh in terms of paragraph 6.2.16.5 (1) (viii). The list of States/ Union Territories as at paragraph 6.2.16.5 (2) therefore, is amended to read as below:

S.No. Sector/ Activity % of FDI Cap/ Equity Entry route
6.2.16.5 Multi   Brand     Retail Trading             51% Government
(1) FDI in…

(2) LIST   OF STATES/ UNION   TERRITORIES AS MENTIONED  IN PARAGRAPH 6.2.16.5(1)(viii)

1. Andhra Pradesh

2. Assam

3. Delhi

4. Haryana

5. Himachal Pradesh

6. Jammu & Kashmir

7. Maharashtra

8. Manipur

9. Rajasthan

10. Uttarakhand

11. Daman & Diu and Dadra and Nagar Haveli (Union Territories)

3.0  The above decision will take immediate effect.

(D.V. Pasad)

Joint Secretary to the Government of India

D/o IPP File No.: No. 5/12/2010-FC.I dated: 3 June, 2013

 Copy forwarded to:

1. Press Information Officer, Press Information Bureau- forgiving necessary publicity.

2. BE Section in the Department of Industrial Policy and Promotion-for uploading the Press Note on DIPP’s website.

3. Hindi Division, DIPP for providing Hindi version.

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Post by Date
June 2024
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930