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FDI in retail: Only Rs 196 cr in single-brand retail in 3 yrs

According to Union Minister of State for Commerce and Industry Jyotiraditya Scindia, FDI inflows in single-brand retail during last three-and-half-years was only Rs 196 crore.

twitter-logo PTI   Vadodara     Last Updated: December 2, 2011  | 09:20 IST

Amid controversy over the government's decision to allow Foreign Direct Investment (FDI) in multi-brand retail, Rajya Sabha MP Parimal Nathwani on Thursday said the figures for FDI in single brand retail that was allowed long back have not been encouraging.

Only 4% of India's retail sector organised: CII

According to the information given by Union Minister of State for Commerce and Industry Jyotiraditya Scindia, FDI inflows in single-brand retail during last three-and-half-years was only Rs 196 crore.

Of this, Rs 116 crore was received in 2011, Scindia said in a statement in Vadodara.

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