Govt retains 51% FDI in multi-brand retail

摘要

The Department of Industrial policy and Promotion (DIPP) issued a consolidated foreign direct investment (FDI) policy document on 12th May 2015, retaining the policy on FDI in multibrand retail that allows up to 51% foreign investment. Bharatiya Janata Party (BJP) government had opposed opening of multi brand retail to foreign investment but has not reversed the UPA policy.