India not to ease foreign stake norms in retailJuly 31st, 2008 - 5:07 pm ICT by IANS
New Delhi, July 31 (IANS) India has no plan to ease the norms for foreign equity in the burgeoning retail trade industry, Commerce Minister Kamal Nath said Thursday. “There is no plan now to ease (foreign direct investment) norms in retail,” Kamal Nath told reporters here.
At present single-brand foreign retailers in India are allowed to take up to 51 percent in a venture with a local firm.
No foreign equity, however, is permitted in multi-brand retailing - a demand by global majors like WalMart, Costco and Carraffour. These companies are only allowed to give logistical support to domestic multi-brand retail companies.
- No change in India's foreign investment policy in retail - Nov 08, 2009
- Finance ministry okays FDI in multi-brand retail - Nov 17, 2011
- Wal-Mart to target 35,000 Indian farmers for agri-business supply chain by 2015 - Oct 26, 2010
- 'Big-ticket reforms can alter perception of policy paralysis' - Nov 20, 2011
- India opens doors to global retail chains (Roundup) - Nov 24, 2011
- No change in foreign equity norms in retail, aviation: Minister - Nov 06, 2009
- Shopkeepers protest but shoppers don't mind foreign retailers (Afternoon Lead) - Dec 01, 2011
- WalMart to buy farm produce directly, wants retail norms eased - Oct 26, 2010
- 'FDI will help modernise retail sector, curb inflation' - Jul 23, 2011
- French retailer Carrefour opens first wholesale store in India - Dec 30, 2010
- PM speaks to Trinamool, DMK on FDI (Lead) - Nov 30, 2011
- Recall of retail FDI regressive, disappointing: India Inc (Roundup) - Dec 07, 2011
- Amit Mitra shifts stand on FDI in retail - Nov 28, 2011
- India's retail stocks open strong after foreign equity nod - Nov 25, 2011
- FDI pause wins peace in parliament, disappoints India Inc. (Roundup) - Dec 07, 2011
Tags: commerce minister, costco, foreign direct investment, global majors, India, industry commerce, investment norms, kamal nath, local firm, logistical support, New Delhi, retail companies, retail trade, stake, walmart