| Date: |
20-11-2010 |
| Subject: |
Panel to Decide on Raising FDI Retail Cap in 2 mths |
|
NEW DELHI: A government panel will decide on raising the cap on foreign direct investments in multi-brand retail sector in two months, junior trade minister Jyotiraditya Sc India said on Friday.
India does not allow FDI in multi-brand retail as it has faced severe political opposition in the country due to concerns over job losses to small traders.
However, India allows 51 per cent FDI in single brand retail.
Source : economictimes.indiatimes.com
|