Single Brand Retail

The retail sales of over 1 lakh two-wheelers included both domestic sales, as well as sales in global markets around the world.

The government on Friday eased FDI rules in digital media, single brand retail, coal-mining and contract manufacturing.

Welcoming the Narendra Modi cabinet's decision to ease the 30 per cent local sourcing norm in single-brand retail (SBRT), Apple on Thursday said it looks forward to welcoming customers at its first branded retail store in India soon.

Commerce Minister Piyush Goyal said the 30 per cent local sourcing norms in single-brand retail remains, but its definition has been expanded.

The government on Wednesday said it is taking steps to relax norms for Foreign Direct Investment in several sectors including single brand retail, digital media and manufacturing to boost the flagging economy.

The government also announced FDI in digital media wherein foreign investors can buy 26 per cent stake with its approval.

The government on Wenesday relaxed FDI rule for foreign single brand retailers and also permitted foreign investment in contract manufacturing and coal mining. Briefing reporters on the decisions taken by the Union Cabinet headed by Prime Minister Narendra Modi, Commerce and Industry Minister Piyush Goyal said 100 per cent Foreign Direct Investment...

The news comes as a relief for Apple that is facing tough times in the Indian smartphone market in the wake of stiff competition coming from the Chinese players.

Finance Minister Nirmala Sitharaman in her Budget speech said that India's FDI inflows in 2018-19 grew by 6 per cent to $64.37 billion.

Budget 2019: Finance Minister Nirmala Sitharaman detailed a number of proposals in the budget to boost e-mobility, Indian space programme, startups and Make in India initiative as the government looks to turn the country into a $5 trillion (3,42,65,500 crores) economy by 2024-2025.

The government on Friday proposed relaxation in the FDI norms for sectors such as media, aviation, insurance, and single brand retail with a view to attract more overseas investment.

Deloitte India Partner Anil Talreja said allowing 100 per cent foreign direct investment (FDI) in single brand retail trade should act as a catalyst for a large number of retailers that have been exploring Indian market.

"The timing for this announcement is significant as the retail sector is poised to receive significant real estate supply in the near future," said Pankaj Renjhen, JLL India.

The Cabinet has approved 100 percent FDI in Single Brand Retail by the automatic route, so brands like Apple could launch retail stores without seeking government permission.

At present, FDI up to 49 per cent is allowed under automatic route but any investment beyond the limit required government approval.

The retail sales of over 1 lakh two-wheelers included both domestic sales, as well as sales in global markets around the world.

The government on Friday eased FDI rules in digital media, single brand retail, coal-mining and contract manufacturing.

Welcoming the Narendra Modi cabinet's decision to ease the 30 per cent local sourcing norm in single-brand retail (SBRT), Apple on Thursday said it looks forward to welcoming customers at its first branded retail store in India soon.

Commerce Minister Piyush Goyal said the 30 per cent local sourcing norms in single-brand retail remains, but its definition has been expanded.

The government on Wednesday said it is taking steps to relax norms for Foreign Direct Investment in several sectors including single brand retail, digital media and manufacturing to boost the flagging economy.

The government also announced FDI in digital media wherein foreign investors can buy 26 per cent stake with its approval.

The government on Wenesday relaxed FDI rule for foreign single brand retailers and also permitted foreign investment in contract manufacturing and coal mining. Briefing reporters on the decisions taken by the Union Cabinet headed by Prime Minister Narendra Modi, Commerce and Industry Minister Piyush Goyal said 100 per cent Foreign Direct Investment...

The news comes as a relief for Apple that is facing tough times in the Indian smartphone market in the wake of stiff competition coming from the Chinese players.

Finance Minister Nirmala Sitharaman in her Budget speech said that India's FDI inflows in 2018-19 grew by 6 per cent to $64.37 billion.

Budget 2019: Finance Minister Nirmala Sitharaman detailed a number of proposals in the budget to boost e-mobility, Indian space programme, startups and Make in India initiative as the government looks to turn the country into a $5 trillion (3,42,65,500 crores) economy by 2024-2025.

The government on Friday proposed relaxation in the FDI norms for sectors such as media, aviation, insurance, and single brand retail with a view to attract more overseas investment.

Deloitte India Partner Anil Talreja said allowing 100 per cent foreign direct investment (FDI) in single brand retail trade should act as a catalyst for a large number of retailers that have been exploring Indian market.

"The timing for this announcement is significant as the retail sector is poised to receive significant real estate supply in the near future," said Pankaj Renjhen, JLL India.

The Cabinet has approved 100 percent FDI in Single Brand Retail by the automatic route, so brands like Apple could launch retail stores without seeking government permission.

At present, FDI up to 49 per cent is allowed under automatic route but any investment beyond the limit required government approval.