The CoS has recommended allowing 51 percent FDI ( Foreign Direct Investment ) in the multi brand retails in India with a condition that the Foreign investment should be at least USD 100million.
The Overseas mega retails chains will have to pump in at least half of their investment in the back end supply chain. This is a closer step in opening up multi-brand retail sector to foreign direct investment
As per this recommendation, the retail-brand market is open for 51% FDI. This is the biggest economic reform by the present Government in India. Soon the FDI permission for Insurance Sector business in India also will be in news.
