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ARTICLE · 29 JANUARY 2018

Update On Single Brand Retail Trading Sector

Kochhar & Co.
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The Government, through the Ministry of Commerce & Industry, Department of Industrial Policy and Promotion, has approved certain amendments to the Consolidated Foreign Direct Investment Policy of 2017 ...

IndiaGovernment, Public Sector
Vijay Ravi
Vijay Ravi
Kajal Bhimani Singh
Kajal Bhimani Singh
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The Government, through the Ministry of Commerce & Industry, Department of Industrial Policy and Promotion, has approved certain amendments to the Consolidated Foreign Direct Investment Policy of 2017 which affect, amongst others, the Single Brand Retail Trading sector ("Amendment"). The key provisions of the Amendment with respect to the 'Single Brand Retail Trading' ("SBRT") sector have been highlighted herein below:

Amendment

The Amendment permits 100% Foreign Direct Investment ("FDI") under automatic route in the entities operating in the SBRT sector, subject to certain conditions. Earlier, the FDI Policy only permitted 49% FDI under the automatic route in the SBRT entities and such SBRT entity required a Government approval for receiving any FDI beyond 49%.

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