Central Govt all set to announce 100% FDI in single brand retail trading

The Move,Single-Brand,Retail,Ikea,FDIThe central government is all set to announce 100 percent Foreign Direct Investment (FDI) in single-brandretail trading. The announcement will be made later today.

Sources said that the government was to announce the guidelines for single-brand retail trading later on Tuesday. The norms were ready for permitting 100% FDI in the segment.

At present the government permits 51% FDI in the sector. The move is expected to boost the prospects of global players such as Ikea to set up a wholly-owned venture in India to operate a chain of stores.

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