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