Posterous theme by Cory Watilo

India proposes Multi-Brand FDI

When the DIPP paper was drafted earlier this year there was a lot of consternation in investor circles as Mu;lti Brand FDI was made likely contingent on conditions like local employment, additional permissions from States for each branded outlet, 30% turnover for small traders thru the wholesale cash and carry route and 50% investment to be routed to back end infrastructure. However the Committee of Secretaries pushed the proposal along for presumably its final approval at the Cabinet level with the first three consditions dropped and the last one monitored by self certification. Look for the details at the nodal site at http://advantages.us