The Department of Industrial Policy and Promotion has today notified the decision to allow Foreign Direct Investment (FDI) in multi-brand retail and aviation via Press Note No.5 and Press Note No.6 (2012 Series) respectively..The Department of Industrial Policy and Promotion has today notified the decision to allow Foreign Direct Investment (FDI) in multi-brand retail and aviation via Press Note No.5 and Press Note No.6 (2012 Series) respectively..Last week, the Cabinet had approved FDI in the aviation sector by foreign carriers and had also approved opening of India’s retail sector allowing 51 per cent FDI in multi-brand retail..As per Press Note no. 5, “The Government of India has reviewed the extant policy on FDI and decided to permit FDI, up to 51%, under the Government route, in Multi-Brand Retail Trading, subject to specified conditions..As per Press Note no. 6, “The Government of India has decided to permit foreign airlines also to invest, in the capital of Indian companies, operating scheduled and nonscheduled air transport services, up to the limit of 49% of their paid-up capital subject to certain conditions.”
The Department of Industrial Policy and Promotion has today notified the decision to allow Foreign Direct Investment (FDI) in multi-brand retail and aviation via Press Note No.5 and Press Note No.6 (2012 Series) respectively..The Department of Industrial Policy and Promotion has today notified the decision to allow Foreign Direct Investment (FDI) in multi-brand retail and aviation via Press Note No.5 and Press Note No.6 (2012 Series) respectively..Last week, the Cabinet had approved FDI in the aviation sector by foreign carriers and had also approved opening of India’s retail sector allowing 51 per cent FDI in multi-brand retail..As per Press Note no. 5, “The Government of India has reviewed the extant policy on FDI and decided to permit FDI, up to 51%, under the Government route, in Multi-Brand Retail Trading, subject to specified conditions..As per Press Note no. 6, “The Government of India has decided to permit foreign airlines also to invest, in the capital of Indian companies, operating scheduled and nonscheduled air transport services, up to the limit of 49% of their paid-up capital subject to certain conditions.”