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Single-brand retail has attracted USD 259 mn FDI since April 2010

Single-brand retail has attracted USD 259 mn FDI since April 2010

During April-September 2014, the country received $167.52 million FDI in single-brand retail sector.

PTI
  • New Delhi,
  • Updated Dec 23, 2014 6:58 PM IST
Single-brand retail has attracted USD 259 mn FDI since April 2010In the last financial year, FDI was $11.30 million (Photo: Associated Press)

India has received $259 million foreign direct investment (FDI) in the single brand-retail sector since April 2010.

"During April-September 2014, the country received $167.52 million FDI in single-brand retail sector," Minister of State for consumer affairs, food and public distribution, Raosaheb Patil Danve, said in a written reply to the Lok Sabha on Tuesday.

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In the last financial year, FDI was $11.30 million, he said.

The government permits 100 per cent FDI in single brand retail and 51 per cent in multi-brand retail trading.

Published on: Dec 23, 2014 6:36 PM IST
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